Blogging Options: CBOE Morning Update

Stock Mover’s
 
Apple (AAPL) said Steve Jobs, the technology pioneer who revived the company’s fortunes died at the age of 56. Overall option implied volatility of 43 is above its 26-week average of 33. Wedbush Securities say’s "The master innovator; Steve Jobs passes; reiterate Outperform and $530 price target."

Disney’s (DIS) largest shareholder was reportedly Steve Jobs with a 7.3% stake, valued at $4.4B. Overall option implied volatility of 39 is above its 26-week average of 30.
 

CBOE significant put volume increases
 
F 1/21/2012 10 10K contracts
BAC 1/19/2013 5 9K
ACI 1/19/2013 8 8K
NBR 1/19/2013 5 8K
WFC 1/21/2012 26 7K
CSCO 10/22/2011 14 6K
MMR 1/21/2012 7.5 6K
OVTI 10/22/2011 15 5K

Futures slightly higher on better than expected weekly jobs claims, mirroring ADP report yesterday.