Blogging Options: CBOE Morning Update

Stock Mover’s
 
Infosys-INFY is recently down 6% in pre-open trading following raised guidance that was below analyst expectations. Overall option implied volatility of 42 is above its six-month average of 35.
 
 
Volatility as an asset class

Cloud stock option implied volatility stays flat
 
EMC-EMC overall option implied volatility of 28 is near its 26-week average.
NetApp-NTAP overall option implied volatility of 35 is near its 26-week average.
VMware-VMW overall option implied volatility of 41 is above its 26-week average of 38.
Fusion-IO-FIO overall option implied volatility of 83 is above its 3-week average of 76.
Brocade-BRCD overall option implied volatility of 62 is above its 26-week average of 54.
Oracle-ORCL overall option implied volatility of 27 is near its 26-week average.
 

CBOE significant call volume increases
 
SLE January 20 10K contracts
AAPL July 360 8K
AA July 16 8K
MSFT September 27 6K
BAC July 12 6K

Asian markets off, US futures slightly lower. No news out of Europe.

Cisco may cut 7k jobs in next 45 days.

May Trade Deficit BIG, largest since Oct ’08