Blogging Options: CBOE Mid-day Update

Stock Mover’s

Retailers are rallying on September same store sales, winners include; J.C. Penney (JCP) and Gap (GPS), Target (TGT) and Limited (LTD).
 
J.C. Penney overall option implied volatility of 55 is above its 26-week average of 42.
 
Gap overall option implied volatility of 48 is above its 26-week average of 39.
 
Target overall option implied volatility of 34 is above its 26-week average of 29.
 
Limited overall option implied volatility of 46 is above its 26-week average of 38.
 

Volatility as an asset class

Corning (GLW) is recently up 75c to $13.37 following the announcement of a $1.5B stock repurchase and a 50% increase in the quarterly dividend. October call option implied volatility is at 51, January is at 46; above its six-month average of 38.