Blogging Options: CBOE Morning Update

Stock Mover
 
Netflix (NFLX) is recently up 11% to $130.33 in pre-open trading following the company saying it will not rename its DVD-by-mail service and that its U.S. members will continue to go to the Netflix website for both unlimited streaming and unlimited DVDs. Overall option implied volatility of 73 is above its 26-week average of 54.
 
 
Volatility as an asset class

CBOE Volatility Index (VIX) closed at 36.20, below its 10-day moving average of 39.61 and 50-day moving average of 35.89.
 
CBOE VIX futures October at 37.95, November at 35.95, December at 33.85, January 34.90, February 34.20, March at 33.85, April is at 33.85, May at 33.40, June 33.25.
 

CBOE significant put volume increases
 
AAPL 10/7/2011 370 7K contracts
BAC 10/7/2011 6 7K
TGT 4/21/2012 46 6K
LVLT 11/19/2011 1.5 4K
KLAC 10/22/2011 34 4K
JPM 10/7/2011 31 4K
EK 10/22/2011 1.0 3K
ILMN 11/19/2011 25 3K 

Stock Indexes open 2% higher. VIX off 1.20 to 35. Earnings season begins.