CBOE Blogging Options: Mid-Day Report

Baidu (BIDU) options are active on the CBOE with 147K contracts trading. June call option implied volatility is at 51, July is at 48 and September is at 45; compared to its 26-week average of 45, suggesting larger near-term price movement.

McDonald’s (MCD) June 82 calls active into the release into the release of May comps before the market open on June 8. June put option implied volatility is at 15, July is at 16, September is at 18; compared to its 26-week average of 18 according to Track Data, suggesting decreasing near term price movement.

Ulta Salon (ULTA) is expected to release Q1 results after the market close today. June call option implied volatility of 65, July is at 46; compared to its 26-week average of 42 according to Track Data, suggesting larger near term price movement.