Blogging Options: CBOE Mid-day Update

Stock Mover’s

UPS (UPS) overall option implied volatility of 28 is above its 26-week average of 22, suggesting larger price movement as the company sees EPS growing 10%-15% from 2011-2016.

UBS (UBS) October put option implied volatility is at 67, December is at 64; above its 26-week average of 38 following the disclosure that a rouge trader racked up about $2B in losses on unauthorized trades.

Autonation (AN) overall option implied volatility of 48 is above its 26-week average of following the shares selling off 3.5% following a downgrade to Underperformer from Neutral at BofA-Merrill.

Colgate (CL) overall option implied volatility of 25 is above its 26-week average of 21 as shares trade at a new record high.