Blogging Options: CBOE Mid-day Update

Stock Mover’s

AT&T (T) has sold off 4.5% on active September put volume following the U.S. Justice Department opposing T’s takeover of T-Mobile. September and October puts are active on option implied volatility of 29 is above its six-month average of 20.

Sprint (S) September4 calls are active on option implied volatility of at 74, October is 67; above its six-month average of 46 as share rally 7.3%.
 

Volatility as an asset class

Financial Select Sector (XLF) September and put option implied volatility of 34 is above its 26-week average of 23, suggesting larger price movement as money center stocks rally off of two-year lows.

Energy Select (XLE) is recently up 55c to $68.70 as oil trades above $89. September put option implied volatility is at 36, October is at 34; above its 26-week average of 25.

VIX methodology for Energy Select Sector SPDR (VXXLE) is recently down 1% to 38.72; below its ten-day moving average of 43.50.