Blogging Options: Morning Update

Stock Mover’s:
 
NetApp (NTAP) is recently up $1.77 to $53.50 in pre-open trading on solid quarterly results and outlook. Overall option implied volatility of 36 is near its 26-week average of 36.

Volatility as an asset class:

BP (BP) volatility of 26 below levels of 61 from a year ago during gulf oil spill
 
BP (BP) is recently up 1.5% to $45.39 in pre-open trading. WTI Crude oil is recently at down 0.54% to $100.77. Overall option implied volatility of 26 is near its 26-week average of 28 and below a level of 61 from a year ago.
 

CBOE Volatility Index (VIX) closed at 17.07; below its 10-day moving average of 17.12 and 50-day average of 17.63.
 
Two trading days into next five days.
 

CBOE Significant Call Volume:
BAC November 12 45K contracts
ALL January 34 28K
AMD July 9 15K
GES June 40 15K
 
CBOE Significant Put Volume:
BAC August 9 9K contracts
IL July 20 20K
WFC July 30 5K