Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Eastman Kodak (EK) is recently up 24c to $1.02 in pre-open trading after it said it’s committed to meeting all of its obligations and has no intention of filing for bankruptcy. Overall option implied volatility of 117 is above its six-month average of 96.

Arch Coal (ACI) is recently down 9.2% in pre-open trading into the company lowering guidance due to coal mine troubles at its Mountain Laurel mine. Overall option implied volatility of 75 is above its 26-week average of 46.

Yahoo (YHOO) is recently up 5.2% in pre-open trading after Alibaba founder saying "very interested" in buying Yahoo, Reuters reports. Overall option implied volatility of 65 is above its 26-week average of 42.
 

CBOE significant call volume increases.
 
BAC 1/19/2013 7.5 34K contracts
CREE 1/19/2013 37.5 23K
GLD 11/19/2011 190 20K
CREE 3/17/2012 35 10K
AAPL 9/30/2011 390 5K
BSBR 12/17/2011 10 5K

Futures off slightly pre-open. VIX at 42.96 coming into today’s trading.