Blogging Options: CBOE Morning Update Monday 8/15

Volatility as an asset class

United States Oil Fund (USO) overall option implied volatility of 42 is above its six-month average of 33.

iShares Silver Trust (SLV) overall option implied volatility of 46 is above its six-month average of 39.

SPDR Gold Trust (GLD) overall option implied volatility of 26 is above its 26-week average of 19.
 

CBOE significant call volume increases
 
ALL 1/21/2012 30 23K contracts
SIRI 1/21/2012 2 7K
YRCW 8/20/2011 2 6K
YHOO 10/22/2011 18 5K
AAPL 8/12/2011 380 5K
CVS 1/21/2012 38 4K
BAC 8/20/2011 8 4K
CSCO 8/12/2011 16 3K
 

CBOE significant put volume increases
 
AA 10/22/2011 14 26K contracts
MS 1/21/2012 20 10K
YRCW 8/20/2011 2 6K
AAPL 8/12/2011 375 6K
TC 12/17/2011 9 6K
BAC 8/20/2011 6 5K

GOOG bids $40 cash for Motorola Mobility (MMI). MMI near $39, GOOG off $13

BA exits Int’t credit card business

Futures up small