Blogging Options: CBOE Morning Update

Stock Mover’s
JP Morgan (JPM) is recently down 59c to $32.61 in pre-open trading on Q3 EPS of $1.02 vs. consensus 93c. Overall option implied volatility of 41 is above its 26-week average of 33.
Research in Motion overall option implied volatility of 78 is above its 26-week average of 54 into reports BlackBerry services have improved in Europe, the Middle East, India, and Africa and are progressing in other areas including the U.S., Canada and Latin America.

Volatility as an asset class
Google (GOOG) overall all option implied volatility of 39 is above its 26-week average of 32 into the expected release of Q3 results today after the market close.

CBOE Volatility Index (VIX) closed at 31.26, 10-day moving average is 37.54, 50-day moving average is 36.36.

CBOE significant call volume increases
MSFT 1/21/2012 27.5 31K contracts
GLD 10/22/2011 170 9K
BAC 10/22/2011 7 7K
CSCO 1/21/2012 20 5K
HSNI 12/17/2011 40 5K
AAPL 10/22/2011 370 5K

Stock Futures slightly weaker