Blogging Options: Mid-day Update

Newell Rubbermaid (NWL) is recently down 12% following lower guidance on weak consumer spending. June 15 and July 15 calls are active on call option implied volatility of 32; compared to its 26-average of 29.

Best Buy (BBY) June 32 and 33 calls are active on option implied volatility of 44, July is at 35; compared to its 26-week average of 33, suggesting traders taking positions into the expected release of Q1 results on June 14.

CBOE Volatility Index (VIX) is recently down 70c to 17.40 on active July 16, 17 and 19 put volume after trading at an intra-day high of 19.87.