Blogging Options: CBOE Morning Update

Volatility as an asset class
Qualcomm (QCOM) is recently up 2.5% in pre-open trading into the release of Q3 results. Overall option implied volatility of 30 is above its 26-week average of 28.
Stock Mover’s
EMC (EMC) is recently up 3.6% to $28.36 in pre-open trading after raising its 2011 EPS outlook to above $1.48 from $1.46 and its 2011 revenue outlook to above $19.8B from $19.6B. Overall option implied volatility of 28 is near its 26-week average of 27.
Apple (AAPL) is recently up 5.3% to $397 in pre-open trading on record iPhone and iPad sales. Overall option implied volatility of 31 is near its 26-week, suggesting non-directional price movement.
CBOE significant put volume increases
PHM August 7 30K contracts
CLSN September 2.5 15K
EK January 3.5 11K
GLD September 155 9K
FXE August 137 6K
THOR July 32 6K