Blogging Options: CBOE Morning Update

Stock Mover’s:

Lululemon Athletica (LULU) is recently up 6% in pre-open trading on Q1 EPS of 46c compared to consensus estimates of 38c. June put option implied volatility is at 86, July is at 58 and September is at 55; above its 26-week average of 48, suggesting larger price movement.

Volatility as an asset class:

Baidu (BIDU) June call option implied volatility is at 49, July is at 49, September is at 48; compared to its 26-week average of 46, suggesting larger movement as shares have sold off to three-month lows.  

SINA (SINA) overall option implied volatility of 77 is above its 26-week average of 53, suggesting larger movement as shares have sold off to three-month lows.  

CBOE Russell 2000 Index (RUT) overall option implied volatility of 21 is near its 26-week average as shares trend below its ten-day moving average of 813.91, 50-day is at 833.48.

CBOE significant call volume increases:

AKS January 20 15K contracts
BAC January 2013 10 10K
VLO September 28 7K
AAPL June 375 5K
C1 January 2012 5 5K