Blogging Options: CBOE Mid-day Update

Stock Mover’s
 
 
Safeway (SWY) is recently down 2.5% to $17.54 following Q3 earnings rising 6% though margins decreased. October put option implied volatility is at 46, November is at 41; above its 26-week average of 29.
 
Akamai (AKAM) October options calls are active on elevated option implied volatility of 67, November is at 73; above its 26-week average of 48 according to Track Data, suggesting larger price movement into the expected release of Q3 results on October 26.

Volatility as an asset class
 

Bank of America (BAC) October put option implied volatility is at 87, November and December is at 77; above its 26-week average of 50 into the expected release of Q3 results on October 18.
 
Citigroup (C) overall option implied volatility of 52 is above its 26-week average of 39 into the expected release of Q3 results on October 17, suggesting larger price movement.

DJIA & SPX off slightly, NASDAQ in plus territory with one hour left in trading day.