Blogging Options: CBOE Morning Update

Stock Mover’s
 
Google-GOOG July call option implied volatility is at 38 and August is at 26; compared to its 26-week average of 27, suggesting larger price movement as shares trend higher into the release of Q2 results next week. 

Financial Select Sector-XLF overall option implied volatility of 21 is below its 26-week average of 23 as money center sector stocks trend higher into the release of quarterly results.
 

Volatility as an asset class
 
Chinese online media company’s volatility flat as stocks trend lower
 
NetEase.com (NTES) overall option implied volatility of 43 is above its 26-week average of 41.
Shanda Interactive (SNDA) overall option implied volatility of 40 is above its 26-week average of 35.
Perfect World (PWRD) overall option implied volatility of 54 is above its 26-week average of 49.
Sohu.com (SOHU) overall option implied volatility of 52 is above its 26-week average of 46.
Changyou.com (CYOU) overall option implied volatility of 54 is above its 26-week average of 48.
 
 
CBOE significant call volume increases
 
PG January 70 26K contracts
MSFT July 26 13K
AIG November 30 11K
MGM July 15 11K
BAC January 12.5 10K
SLE January 20 8K
GM January 40 7K

Employment Report:

+18k

9.2%

Disappointing. initial reaction has DJIA futures off 100 points, S&P futures lower by 13 points.