Blogging Options: CBOE Mid-Morning Update 8/5

Stock Mover’s

Priceline.com (PCLN) was up 9.9% in pre-open trading on better then expected results and outlook. Overall option implied volatility of 73 is above its 26-week average of 45 suggesting larger movement.
 
 
Volatility as an asset class

SPDR S&P 500 ETF (SPY) September and October call option implied volatility of 26, is above its six-month average of 19.
 
The PowerShares QQQ Trust (QQQ) September call option implied volatility is at 31 and October is at 25; above its six-month average of 19.
 
CBOE VIX futures August 19.21, September at 20.34, October 21.46, November 21.78, December at 21.93, January 23.20, February 23.75
 
 
CBOE significant put volume increases
 
BAC 8/20/2011 9 22K contracts
STD 12/17/2011 9 10K
LEAP 1/19/2013 7.5 10K
C 8/20/2011 36 9K
AAPL 8/5/2011 385 9K
CLX 8/20/2011 67.5 8K
MMI 9/17/2011 19 7K
EP 10/22/2011 18 6K