Blogging Options: CBOE Mid-day Update

Tiffany’s (TIF) is recently up $4.49 to $67.60 following Q2 earnings rising 33% on double-digit sales growth. September 70 calls are active on volatility of 41, above its 26-week average of 35. 

Apple (AAPL) September 400 and 405 calls are active on total CBOE volume of 436K contracts. September call option implied is at 29, October and December is at 33; below levels of 44 from August 23 and near to its 26-week average of 32 following Steve Jobs resigning as CEO.  

Allstate (ALL) September 23 and 24 puts are active on elevated option implied volatility of 42 as traders purchase put spread hedges into Hurricane Irene.

CBOE Volatility Index-VIX September 27 and 30 puts are active on the CBOE with 290K puts trading (185K calls), as traders initiate downside hedges to a potential lower VIX.