Blogging Options: CBOE Mid-day Update

UPS (UPS) is recently up $1.63 to $66.30 into a company hosting an investor meeting this afternoon. October call option implied volatility of 26 is above its 26-week average of 22.

Microsoft (MSFT) is hosting an analyst meeting after the market close today. October and November put option implied volatility is at 33; above its 26-week average of 26.

Research in Motion (RIMM) is expected to release of Q2 results on September 15. October put option implied volatility is at 76, November is at 67; above its 26-week average of 51.

CBOE Volatility Index (VIX) September total call volume of 42K contracts compares to 44K puts into September 21 expiration.