Blogging Options: CBOE Morning Update

Stock Mover’s
 
Dollar General (DG) is recently up 3.6% to $35 in pre-open trading following Q2 adjusted EPS 52c vs. consensus 48c on Q2 revenue of $3.58B. Overall option implied volatility of 36 is above its 26-week average of 30.

Volatility as an asset class
 
Family Dollar (FDO) overall option implied volatility of 34 is above its 26-week average of 28, suggesting larger movement.
 
99c Only Stores (NDN) overall option implied volatility of 54 is above its 26-week average of 30, suggesting larger movement.
 
Dollar Tree (DLTR) overall option implied volatility of 29 is near its 26-week average suggesting non-directional movement.
 

CBOE significant call volume increases
ALL 1/21/2012 32 26K contracts
CNO 9/17/2011 7 10K
BAC 9/17/2011 9 8K
GLD 9/17/2011 190 7K
ALU 10/22/2011 3 6K
ORCL 10/22/2011 30 5K 

Stock begin day lower. Consumer Spending higher, Home Sales off.