Blogging Options: CBOE Morning Update 6/14

Stock Mover’s:
Best Buy (BBY) is recently up 6.5% in pre-open trading following Q1 EPS results of 35c and affirmed FY 2012 guidance. Overall option implied volatility 44 is above its 26-week average of 33.

Volatility as an asset class:
Research in Motion (RIMM) June 37 straddle at $3.54, July at $5.25 as shares trend to a two-year low into the expected release Q1 results on June 16 . Overall option implied volatility of 54 is above its 26-week average of 42/

Imperial Sugar (IPSU) July put option implied volatility is at 56, January is at 54; above its six-month average of46 after a sharp five-week rally.

CBOE significant put volume increases
DELL November 14 28K contracts
ANR September 45 10K
HPQ January 2012 40 9K
ANR September 55 7K
ABX October 42 6K