Blogging Options: CBOE Morning Update

Boeing (BA) is recently up 2.6% in pre-open trading following a better than expected Q2 profit of $1.25 a share on revenue of $16.5B. Overall option implied volatility of 27 is near its 26-week average of 26. (AMZN) is recently up 5.8% in pre-open trading after the online retailer reported a decrease in Q2 profits to $191M from $207M, but topped market expectations for earnings and revenue. Overall option implied volatility of 38 is above its 26-week average of 34.
Dow Chemical (DOW) is recently up 2.2% in pre-open trading on better than expected profit, revenue and volume growth. Dow overall option implied volatility of 30 is near its 26-week average.

CBOE significant call volume increases
BAC January 12.5 51K contracts
ETFC October 20 9K
X January 45 6K
F August 14 6K
MT January 34 5K
AEM September 65 5K
GILD September 47 5K

Durable Goods off 2.1% (June) vs +1.9% May

X-Transpo’s +0.1% June vs +1.5% May (planes & auto’s off a little)

Durables can show volatile swings, but mostly in line. Futures with little reaction to numbers.