Blogging Options: CBOE Morning Update

Stock Mover’s

McDonald (MCD) is recently up 58c to $95.20 in pre-open trading on October system wide sales rising 7.7%. Overall option implied volatility of 20 is near its 26-week average of 21.
 
Priceline.com (PCLN) is recently up $14.50 to $523.50 in pre-open trading on Q3 earnings more than doubling. Overall option implied volatility of 66 is above its 26-week average of 46.

Urban Outfitters (URBN) is recently down 81c to $26.40 in pre-open trading on Q3 sales growth below analyst expectations. Overall option implied volatility of 49 is near its 26-week average of 47.
 

CBOE significant put volume increases;
 
ARIA 1/21/2012 5 15K contracts
BAC 12/17/2011 5 10K
S 12/17/2011 2.5 10K
GLD 12/17/2011 165 7K
DYN 12/17/2011 2 4K
C 1/21/2012 25 3K

VIX at 29.85 entering today’s trading day.

Futures up smartly this morning.

On a visit to a trading desk last week I saw traders watching the yield on Italian bonds, on a screen right next to Greek bonds. To quote the wicked witch of the West – "What a world".