Blogging Options: CBOE Morning Update

Stock Mover’s
 
Apple (AAPL) Steve Jobs resigned as CEO; overall option implied volatility of 47 is above its six-month average of 31.

VIX methodology for Apple- $VXAPL closed at 37.47; below its ten-day moving average of 39.45 and above its 50-day of 31.93.

Applied Materials (AMAT) is recently down 4% in pre-open trading on a lower than expected Q4 outlook. Overall option implied volatility of 36 is above its 26-week average of 32.

TiVo (TIVO) is recently up 11% in pre-open trading following the release of better than expected Q2 results. Overall option implied volatility of 87 is above its six-month average of 64.
 

Volatility as an asset class

SPDR Gold Trust (GLD) overall implied volatility at 28 is above its 26-week average of 21.
 
 
CBOE significant call volume increases
 
BAC 8/26/2011 7 15K contracts
GLD 8/26/2011 175 10K
PBR 10/22/2011 29 8K
PXP 1/21/2012 40 8K
ABV 10/22/2011 34 6K

Markets open slightly lower. AAPL, off 10 points near the opening, now only off 7.