Blogging Options: CBOE Morning Update

Volatility as an asset class

VIX methodology for Goldman Sachs (VXGS) closed at 70.87, above 50-day MA of 60.42 into the expected release of Q3 results on October 18.

VIX methodology for Google (VXGOG) closed 46.17; above 50-day moving average of 41.67 into the expected release of Q3 results on October 13.

iShares Silver Trust (SLV) overall implied volatility of 53 is above its 26-week average of 43; and above SPDR Gold Trust-GLD overall implied volatility of 30.

Alcoa (AA) overall option implied volatility of 59 is above its 26-week average of 40, suggesting larger price movement into the expected release of Q3 results after the market close today.
 

CBOE significant call volume increases
 
YHOO 11/19/2011 20 7K contracts
MHS 1/21/2012 57.5 6K
MSFT 12/17/2011 25 6K
MOS 11/19/2011 55 5K
BAC 10/14/2011 7 3K
ETFC 1/21/2012 11 3K
S 10/22/2011 3 2K 


Stock Futures lower.