Blogging Options: CBOE Morning Update

Stock Mover’s

Joy Global (JOYG) is recently up 4.5% in pre-open trading on a 46% rise in a Q3 profit. Overall option implied volatility of 48 is above its 26-week average of 38.

JoS. A. Bank (JOSB) is recently up 5.2% n pre-open trading on Q2 net income rising 25% compared to a year ago. Overall option implied volatility of 60 is above its 26-week average of 38.

Shanda Interactive (SNDA) is recently down 3.5% following less than expected Q2 results. Overall option implied volatility of 51 is above its 26-week average of 43.
 
 
Volatility as an asset class

CBOE Volatility Index (VIX) near ten-day lows at 32.89 as S&P 500 rally’s for fourth day, futures up 0.4% in pre-open.
 
 

CBOE significant call volume increases
 
CNO 9/17/2011 7.0000 23K contracts
UIS 1/21/2012 32 16K
BAC 9/17/2011 8 7K
MSFT 1/21/2012 30 5K
ABX 1/21/2012 55 5K
SD 9/17/2011 9 5K
SVNT 1/21/2012 5 4K
NEOP 4/21/2012 5 4K
SLM 1/21/2012 14 3K

German stocks finish August with worst month in 9 years.

Watch ADP Employment & Challenger

Futures higher