Blogging Options: CBOE Morning Update

Stock Mover’s
SPDR S&P 500 ETF (SPY) is retreating in pre-open trading into Federal Reserve Chairman Ben Bernanke’s scheduled speech at a Fed conference in Jackson Hole.

OmniVision (OVTI) is recently down 22% in pre-open trading following weaker than expected guidance. Overall option implied volatility of 86 is above its 26-week average of 56.
Pandora (P) is recently up 7.8% in pre-open trading following a Q2 loss on growth in expenses exceeding that of revenue. Overall option implied volatility of 78 is above its two-month average of 66.

Apple (AAPL) September put option implied is at 33, October and December is at 37; compared to its 26-week average of 32 following Steve Jobs resigning as CEO. AAPL is recently trading above its ten-day moving average is 371.73, 50-day is at 364.24.
CBOE significant call volume increases
GLD 9/17/2011 165 30K contracts
BAC 8/26/2011 7 17K
MRK 1/19/2013 20 15K
PFE 1/19/2013 12.5 14K
TC 3/17/2012 8 10K
JPM 9/17/2011 32.5 7K

2Q GDP revised to +1,0% from +1.3% (revision to a gain of +1.1% was expected)

Retail spending a slight p[ositive, business activity a slight negative

Mr Bernanke speaks, Irene on the way you US Northeasterners.

VIX above 40 as market opens…