Blogging Options: CBOE Morning Update

Stock Mover’s
Goodrich (GR) is recently up $19.62 to $112.51 in pre-open trading on several media reports United Technologies (UTX) is in talks to acquire the company. Overall option implied volatility of 43 is above its six-month average of 29.

Tyco (TYC) is recently up 7.4% in pre-open trading following the company announcing a plan to separate into three independent public companies. Overall option implied volatility of 40 is above its 26-week average of 24

CBOE significant call volume increases
MSFT 9/17/2011 27 37K contracts
AAPL 9/17/2011 400 16K
YHOO 10/22/2011 15.0000 9K
GLD 11/19/2011 220 9K
RIMM 9/17/2011 24 8K
BAC 9/17/2011 7 7K 

Stocks lower by 1.2% due to European news. It is not known if a rumored pumpkin shortage (due to Hurricane Irene) is playing a part in this morning’s sell off.