CBOE Blogging Options: Morning Update

Stock Mover’s:
Apple (AAPL) World Wide Developers Conference 2011 begins today with Steve Jobs and a team of executives giving a keynote address at 10:00 a.m PST. Overall option implied volatility of 28 is below its 26-week average of 32, suggesting decreasing price movement.

Volatility as an asset class:
Texas Instruments (TXN) June put option implied volatility is at 27, October is at 26; suggesting non-directional price movement into its June 8th mid-quarter update.
Nokia (NOK) June put option implied volatility is at 47, July is at 45 and October is at 46; above its 26-week average of 42, suggests larger price movement as shares trade near 13-year lows.
ProShares UltraShrt Lehman 7-10 Yr ETF (PST) over all option implied volatility of 17 is near its six-month average of 17 into the ending of QE2 on June 30, 2011.

CBOE significant put volume increases:
YHOO June 15 8K contracts
BRCD June 7 7K
CMCSA June 24 5K
SPWRB June 25 4K
ACI June 28 4K