Blogging Options: CBOE Morning Update

Volatility as an asset class

Dunkin Brands (DNKN) closed at $26.83, above its IPO offer of $19 in July. Overall option implied volatility of 52 is above its five average of 48. 
 
Pandora (P) closed at $12.37, above its IPO offer of $16 in June. Overall option implied volatility of 64 is near its ten-week average of 68. 
 
Zillow (Z) closed at $36.09, above its IPO offer of $20 in July. Overall option implied volatility of 58 is below its five-week average of 64.
 
Linkedin (LNKD) is recently down 1.7% to $84 in pre-open trading, above its IPO offer of $45 in May. Overall option implied volatility of 65 is near its 13-week average. 

CBOE Volatility Index-VIX closed at 33.38; below its 10-day moving average of 34.41; ahead of speeches from President Obama & Fed Chairman Bernanke
 

CBOE significant call volume increases
 
GLD 9/17/2011 180 21K contracts
BAC 9/17/2011 8 9K
NLY 9/17/2011 17 6K
CSCO 9/17/2011 16 5K
MNKD 1/21/2012 3 4

ECB leaves rates unchanged, cuts growth forcast fr Q4 & 2012