Blogging Options: CBOE Morning Update

Stock Mover’s:
 
FedEx (FDX) is recently up 3.1% to $91.87 in pre-open trading following in-line Q4 results and guidance. Overall option implied volatility of 27 is near its 26-week average.

Volatility as an asset class:
 
National Bank of Greece (NBG) is recently up 2c to $1.42 as traders reacted to Greece’s government confidence vote. Overall option implied volatility of 139 is above its six-month average of 114.
 
Traders have not bid up money center’s volatility with exposure to Eurozone debt issues.
 
Banco Santander (STD) overall option implied volatility of 38 is near its 26-week average.
HSBC (HBC) overall option implied volatility of 22 is below its 26-week average of 23.
Banco Bilbao (BBVD) overall option implied volatility of 39 is below its 26-week average of 42.

CBOE significant call volume increases
LPX November 10 14K contracts
RIMM August 30 11K
BAC July 2012 12.5 11K
CSCO January 2012 20 10K
GE July 19 7K