Blogging Options: CBOE Morning Update 7/25

Stock Mover’s
Silicon Laboratories (SLAB) is recently down 8% in pre-open trading following Q2 EPS of 48c vs. consensus 46c and Q3 revenue guidance down 5%-10% sequentially. Overall option implied volatility of 31 is above its 26-week average of 29.

Volatility as an asset class
SPDR Gold Trust (GLD) overall implied volatility at 18 is near 26-week average as gold trades at a record high of $1,621 – traders seek a safe a haven into August 2nd debt deadline.
Eaton (ETN) reports Q2 EPS 97c vs. consensus 95c. Overall option implied volatility of 29 is near 26-week average suggesting non-directional price movement.

CBOE significant call volume increases
ERTS July 27 30K
VALE August 33 21K
PFE December 20 10K
GE July 19 8K
ALU September 6 8K
AAPL July 395 7K
GLD September 163 7K
MUR October 80 6K

Futures lower, eye on Washington this morning