Blogging Options: CBOE Morning Update

Stock Mover’s
 
Ingersoll-Rand (IR) is recently down $2.76 to $29.20 in pre-open trading following the company lowering Q3 and 2011 guidance. Overall option implied volatility of 60 is above its 26-week average of 38.
 
Micron (MU) is recently down 41c to $5.46 in pre-open trading after reporting weak Q4 results. Overall option implied volatility of 78 is above its 26-week average of 58.
 

Volatility as an asset class
 
Las Vegas Sands (LVS) overall option implied volatility of 66 is above its 26-week average of 49 as shares have recently sold off on concerns of slowing Chinese economic growth that could affect profits its Macau resorts.
 
iShares Russell 2000 (IWM) overall implied volatility is at 45; above its 26-week average of 26.
 

CBOE significant call volume increases
 
INTC 10/22/2011 21 8K contracts
KGC 11/19/2011 14 7K
JPM 1/19/2013 50 7K
AAPL 9/30/2011 400 6K
GLD 11/19/2011 160 5K
UCO 10/22/2011 30 3K 

Income off 0.1% (flat to up 0.1% was expected)

Spending + 0.2%

Chicago PMI & U of M Sentiment later this morning. End of Quarter – finally. 

Market watches news out of Europe – again.