Blogging Options: CBOE Mid-day Update

Stock Mover’s

Hewlett-Packard (HPQ) is recently up $2.42 to $24.90 on reports the board is considering removing its CEO. October 25 and 27 calls are active on the CBOE with 25K and 17K contracts trading.
 
Oracle (ORCL) is recently up $2.30 to $30.66 on Q1 profits increasing 36% on strong sales in its software business. October and December call option implied volatility of 37 is above its 26-week average of 31.

Volatility as an asset class
 
Walter Energy (WLT) is recently down $7.83 to $67.17 after the company lowered its guidance. October put option implied volatility is at 74, November and December is at 78; above its 26-week average of 51.

FedEx (FDX) October put option implied volatility is at 43, November is at 40; above its 26-week average of 29 into the expected to release of Q1 results on September 22.