Blogging Options: CBOE Mid-day Update

Stock Mover’s

Boeing (BAC) is recently up $1.66 to $61.77 after completing a contractual delivery of the first 787 Dreamliner jet to Japan’s All Nippon Airways Co. ANA have signed the formal documents completing the contractual delivery of the first 787 Dreamliner. Overall option implied volatility of 42 is above its 26-week average of 29, suggesting larger price movement.

Apple (AAPL) is recently down 2.2% following JP Morgan saying that multiple supply chain vendors indicated Apple cut iPad orders by 25% for Q4 over the past two weeks. September 400 and 405 weekly calls are active on total option volume of 398K contracts on the CBOE.
 
Volatility as an asset class
 
VIX methodology for Apple- $VXAPL up 8.8% to 46.33; above its 50-day moving average of 36.14.

Barrick Gold (ABX) October put option implied volatility is at 49, November is at 50, January is at 48; above its 26-week average of 33, suggesting larger price movement as gold sells off 2.2% in mid-afternoon trading.