Blogging Options: CBOE Morning Update

Stock Mover’s
 
News Corp. (NWSA) is recently trading down 4.4% in pre-open trading on the phone hacking scandal. August put option implied volatility is at 43, October is at 36; above its 26-week average of 32.

Volatility as an asset class
 
Microsoft (MSFT) August put option implied volatility is at 26 and October is at 25; near its 26-week average into the expected release of Q4 results on July 21.
 
AT&T (T) August put option implied volatility is at 18 and October is at 19; near its 26-week average into its expected release of Q2 results on July 21.
 
 
CBOE significant call volume increases
 
HK September 35K 21K contracts
AAPL July 360 19K
APOL November 50 10K
GLD July 155 8K
GOOG July 600 7K
APC January 80 6K
BAC July 10 6K

Stocks off in Europe, soft opening expected in US stocks.