Blogging Options: CBOE Morning Update



Volatility as an asset class

Best Buy (BBY) is recently trading up 74c to $25.66 in pre-open trading after reporting Q2 EPS of 47c on revenue of $11.3B. Overall option implied volatility of 52 is above its six-month average of 35.

Silvercorp Metals (SVM) is recently up 1.3% to $39.69. Silver Futures are recently up 0.77% to $40.52. Overall option implied volatility of 116 is above its 26-week average of 64.
 
VIX methodology for iShares Silver Trust- $VXSLV closed at 52.19; above 50-day moving average of 46.39

Steel Dynamics (STLD) lowered its Q3 guidance below market expectations on weak flat rolled demand. Overall option implied volatility of 64 is above its 26-week average of 40.
 

CBOE significant call volume increases
 
ETFC 10/22/2011 15 15K contracts
CMCSA 9/17/2011 21 8K
PFE 12/17/2011 18 8K
KGC 1/19/2013 25 8K
BAC 9/17/2011 7 7K
GG 1/19/2013 80 7K
MMR 1/19/2013 22.5 7K
AAPL 9/17/2011 390 6K