Blogging Options: CBOE Morning Update

Stock Mover’s

Netflix (NFLX) is recently down 15% to $177 in pre-open trading after lowering its Q3 domestic subscriber forecast. Overall option implied volatility of 55 is above its six-month average of 50.

Pier 1 Imports (PIR) is recently up 2% in pre-open trading after the home-furnishing retailer reported Q2 earnings of 14c compared to 12c in the year ago period. Overall option implied volatility of 70 is above its 26-week average of 63.

Volatility as an asset class
Apple (AAPL) October call option implied volatility is at 30, November and December is at 31; near its 26-week average of 32 in the expected release of Q4 results in mid-October.

CBOE significant call volume increases
BX 1/19/2013 15.0000 12K contracts
AAPL 9/17/2011 390.0000 7K
YRCW 9/17/2011 1.5 6K
INTC 10/22/2011 21 6K
BAC 9/17/2011 7 6K
JDSU 9/17/2011 14 5K
YHOO 10/22/2011 16 5K

Futures slightly higher