Blogging Options: CBOE Mid-day Update

Stock Mover’s:
 
Accenture (ACN) is recently up $2.15 to $59.94 to a record high following S&P saying the company would replace Marshall & llsley (MI) in the S&P 500 index next month. July and November call option implied volatility of 21 is below its 26-week average of 25 according to Track Data, suggesting decreasing price movement. 
 
Volatility as an asset class
Siemens AG-SI, Philips Electronics-PHG and General Electric-GE volatility has little correlation; however shares are correlated as shares trend lower on expectations slowing growth

Siemens AG-SI is recently down 1.3% after saying there are signs of slowing growth. SI July call option implied volatility is at 31, August and October is at 39; compared to its 26-week average of 32; suggesting larger August price movement.

Philips Electronics-PHG July and October call option implied volatility of 43 is above its 26-week average of 35; suggesting price movement.
 
General Electric-GE July call option implied volatility is at 28, August and September is at 23; compared to its 26-week average of 26; suggesting larger July price movement.