Blogging Options: CBOE Afternoon Update

Stock Mover’s
 
Illumina (ILMN) is recently down $13.15 to $26.77 following the company’s negative Q3 pre-announcement. October put option implied volatility is at 81, December is at 76; above its 26-week average of 36.
 
Sprint’s (S) is recently down .30 to $2.72 after increasing total capex guidance over the next two years to $10B to build a faster network. Sprint November put option implied volatility is at 107, February is at 101; above its 26-week average of 52.

Dollar Tree (DLTR) is recently up 1.2% after the board approved the repurchase of an additional $1.5B in the company’s stock. October option implied volatility is at 31, January is at 33; near its 26-week average of 31.

 

Volatility as an asset class
 

CBOE Russell 2000 Volatility Index-RVX is recently up 5.6% to $49.35; above 50-day MA of 44.02

Spain, Italy debt cut a notch, mild selloff in stocks derails 4-day rally. After 100-point rally, DJIA off 40-points.

VIX up 1.31 to 37.58.