Blogging Options: CBOE Morning Update

Stock Mover’s
 
3M Company (MMM) is recently down $5.16 to $77.02 in pre-open trading following less than expected Q3 results and lower guidance. Overall option implied volatility of 31 is above its 26-week average of 25.

DuPont (DD) is recently up 76c to $46.85 in pre-open trading following Q3 profit increasing 23% on higher prices. Overall option implied volatility of 33 is above its 26-week average of 33.
 
UPS (UPS) is recently down $1.85 to $69.02 in pre-open trading following Q3 earnings per share up 14% on 8% revenue growth. Overall option implied volatility of 21 is near its 26-week average of 23.
 

CBOE significant call volume increases;
 
BAC 10/28/2011 6 40K contracts
SVU 11/19/2011 8 14K
CAG 12/17/2011 27 14K
YHOO 11/19/2011 20 9K
AA 11/19/2011 11 7K
F 10/28/2011 13 5K
NLY 11/19/2011 17 5K
DHI 12/17/2011 13 5K

3M disappointment & Europe uncertainty bring out profittaking. Consumer Confidence coming up later today, lots of important economic numbers later in the week (see Price Headley’s list on a previous blog).