Blogging Options: CBOE Morning Update

Stock Mover’s:
 
Texas Instruments (TXN) lowered Q2 guidance last night. June put option implied volatility is at 29, July is at 28, October is at 29; compared to its 26-week average of 25, suggesting larger price movement.
 

New regulations on debit card fees from the Durbin Amendment are set to go into effect on July 21. Credit and debit card service providers overall option implied volatility is flat as shares trend lower.
 
Visa (V) overall option implied volatility of 30 is near its 26-week average of 29.
MasterCard (MA) overall option implied volatility of 30 is near its 26-week average of 30.
American Express (AXP) overall option implied volatility of 26 is near its 26-week average.
Discover Financial Services (DFS) overall option implied volatility of 32 is near its 26-week average.
 

CBOE significant call volume increases:
 
C January 2012 44 10K contracts
SPWRB June 25 9K
ANR September 60 7K 
SPWRB July 25 7K
ANR September 50 7K
CSCO July 12.5000 7K 
GLD July 161 6K