Blogging Options: CBOE Morning Update

Stock Mover’s

Broadcom (BRCM) announced the purchase of NetLogic Microsystems (NETL) for $50 per share. NETL overall option implied volatility of 57 is above its 26-week average of 45. NETL is recently trading up 50% to $48.

Technip announced today an agreement to acquire the entire share capital of Global Industries (GLBL) $8.00 per share. Overall option implied volatility of 97 is above its 26-week average of 65.
 
The McGraw-Hill Companies (MHP) announced the separation into two public companies: McGraw-Hill Markets, primarily focused on capital and commodities markets, and McGraw-Hill Education, focused on education services and digital learning. Overall option implied volatility of 43 is above its 26-week average of 29.
 
 
CBOE significant put volume increases
 
BAC 9/9/2011 7.0000 19K contracts
COP 1/21/2012 60.0000 7K
AAPL 9/9/2011 375 5K
LDK 9/17/2011 6 5K
KO 10/22/2011 67.5 4K
YRCW 10/22/2011 1.00 4K
LDK 12/17/2011 5 3K 

Stocks cut early losses…