Blogging Options: CBOE Morning Update

Stock Mover’s
 
Qualcomm (QCOM) is recently up $5.15 to $57.33 in pre-open trading on the company seeing FY12 EPS of $3.42-$3.62 vs. consensus $3.48 and FY12 revenue of $18B-$19B vs. consensus $17.3B. Overall option implied volatility of 36 is above its 26-week average of 31.

Whole Foods (WFM) is recently down $2.81 to $67.75 after reporting Q4 earnings rose 31% on higher than expected sales. Overall option implied volatility of 48 is above its 26-week average of 42.

American Eagle Outfitters (AEO) is recently up 91c to $14.07 in pre-open trading on the company raising Q3 earning outlook. Overall option implied volatility of 44 is near its 26-week average of 47.
 

CBOE Euro Currency Volatility Index (EVZ) closed @ 17.72 into ECB 25 BP cut
 

CBOE significant put volume increases;
 
MFGLQ 11/19/2011 1 7K contracts
INTC 11/19/2011 23 5K
DYN 12/17/2011 2.5 3K
BAC 1/21/2012 5 3K
YHOO 11/19/2011 14 3K
ERTS 11/19/2011 21 3K
HANS 12/17/2011 75 3K
PBR 12/17/2011 21 2K 

The ECB cut encouraged futures traders this morning. 

Initial claims fell below 400k to 397k (399k – 400k expected).

Non-Farm Productivity beat estimates slightly with a 3.1% rise.

Markets reacting favorably at opening.

Cold, wet and windy in Chicago.

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