Blogging Options: CBOE Morning Update

Las Vegas Sands is recently up $1.69 to $47.09 in pre-open trading on better than expected Q3 results. Overall option implied volatility of 52 is above its 26-week average of 46.
 
Baidu (BIDU) is recently up $10.56 in pre-open trading on Q3 earnings increasing 80%. Overall option implied volatility of 62 is above its 26-week average of 50.

AMD (AMD) is recently up 57c to $5.89 in pre-open trading on better than expected Q3 sales and Q4 guidance. Overall option implied volatility of 67 is above its 26-week average of 52.

Whirlpool (WHR) is recently trading down $6.45 to $54.02 in pre-open trading on a Q3 EPS miss and lower 2011 guidance. Overall option implied volatility of 48 is above its six-month average of 39.
 

CBOE significant call volume increases;
 
ERTS 1/21/2012 27 25K contracts
BMO 3/17/2012 65 16K
JPM 3/17/2012 35 10K
BAC 11/19/2011 6 9K
HL 12/17/2011 6 7K
BAC 10/28/2011 7 7K
TBT 12/17/2011 30 6K
1MF 11/19/2011 2 6K

Personal Income came in with a gain of 0.1%, less than the expected +0.3%

Spending rose as expected +0.6%. Core PCE slightly worse thn expected.

Chevron with slightly better revenues but earnings disappoint.

U of M Sentiment at 10am CDT will be watched closely.

Futures off fractionally.