Blogging Options: CBOE Morning Update

Stock Mover’s
 
McDonald’s (MCD) is recently up 2.6% in pre-open trading on Q2 EPS of $1.35 vs. consensus $1.28. Overall option implied volatility of 17 is near its 26-week average.
 

Volatility as an asset class
 
Advanced Micro (AMD) is up 8.6% in pre-open trading on a swing to a profit in Q2 and providing strong guidance. Overall option implied volatility of 50 is above its 26-week average of 44.
 
SanDisk (SNDK) is down 3.8% in pre-open trading following higher than expected Q2 revenues. Overall option implied volatility of 45 is above its 26-week average of 42.
 
NCR Corp. (NCR) Q2 EPS rose 6.5%. Overall option implied volatility of 33 is near its 26-week average.
 

CBOE significant call volume increases
 
F September 13 22K contracts
UAL August 20 15K
AAPL January 440 14K
HK September 39 12K
MSFT July 27 8K
LVLT December 2 8K
GE August 20 7K
INTC August 25 7K