Blogging Options: CBOE Morning Update

Stock Mover’s
 
Lowe’s (LOW) is recently up 3.4% on the authorization of a $5B share repurchase program. Overall option implied volatility of 38 is above to its 26-week average of 28.
 

Volatility as an asset class
 
Global money centers based in Europe have elevated option implied volatility on the uncertainty of the value of their loan portfolios.
 
Deutsche Bank (DB) overall option implied volatility of 67 is above its 26-week average of 36.
 
UBS (UBS) overall option implied volatility of 61 is above its 26-week average of 33.
 
Credit Suisse (CS) overall put option implied volatility of 68 is above its 26-week average of 34.
 
Barclays (BCS) overall put option implied volatility of 80 is above its 26-week average of 41.
 

CBOE significant put volume increases
 
GLD 9/17/2011 165 26K contracts
C 9/17/2011 35.0000 15K
YRCW 9/17/2011 0.5000 14K
AAPL 8/20/2011 360.0000 10K
RRD 9/17/2011 14 9K
BAC 8/20/2011 7 8K
EK 8/20/2011 3 6K

US Futures higher by 1% to 1 1/2%. Asia off slightly, European stocks higher. VIX retreats?

No real Libya effect on markets. Some talk of QE3 Friday by Leesman on CNBC, he’s the lone ranger on this so far.

If you live in the US SouthEast,get ready to host a visitor, Irene (the hurricane) this weekend.