Blogging Options: CBOE Morning Update 6/16

Stock Mover’s:
 
Finisar (FNSR) is recently down 17% in pre-open trading following guidance which came in below street estimates. Overall option implied volatility of 118 is above its six-month average of 53, suggesting larger price movement.

Volatility as an asset class:
 
Research in Motion (RIMM) overall option implied volatility of 51 is above its 26-week average of 42 into the release of Q1 results.
 
Boeing (BA) overall option implied volatility of 27 is near its six-month average into news on 787 schedule and the start of the 49th International Paris Air Show on June 20th.
 
Oil Services Holders Trust (OIH) closed at $143.83. WTI crude oil futures are recently down 0.11% to $94.71 according to Bloomberg. Overall option implied volatility of 31 is above its six-month average of 28.
 

CBOE significant put volume increases
RIMM January 2012 35 30K contracts
FXC June 102 20K
FAST January 2012 27 16K
MS January 2012 22.5 15K