Blogging Options: CBOE Morning Update

Stock Mover
 
Hewlett-Packard (HPQ) is recently down 15.5% to $24.95 in pre-open trading following weak financial guidance. Overall option implied volatility of 47 is above its 26-week average of 27, suggesting larger price movement
 

Volatility as an asset class
 
SPDR Gold Trust (GLD) is recently up 1.7% to 180.69 in pre-open trading as gold trades up to 2.54% to $1,868. Overall option implied volatility of 25 is above its 26-week average of 19.

CBOE DJIA Volatility Index (VXD) closed at 38.16, above its 50-day moving average of 21.26.
CBOE Volatility Index NASDAQ 100 (VXN) closed at 41.61; above 50-day moving average of 24.37.
 

CBOE significant put volume increases
 
BAC 9/17/2011 7 11K contracts
EK 1/21/2012 3 9K
CSCO 1/21/2012 12.5 8K
GME 9/17/2011 18 7K
ANN 9/17/2011 22 5K
GLD 9/17/2011 175 5K

Europe & Asia down1% to 2.5%, S&P futures off 1%.

10-year yield rises to 2.1%, after hitting 2% yesterday

VIX at 42.67. VIX Sep Futures close to 35, October near 30. 

Happy Expiration