Blogging Options: CBOE Morning Update

Stock Mover’s
 
Urban Outfitters (URBN) is recently down $1.09 to $25.74 in pre-open trading following weaker than expected guidance. Overall option implied volatility of 60 is above its 26-week average of 45.
 
Wal-Mart (WMT) is recently down $1.27 to $57.65 in pre-open trading following weaker than expected Q3 results. Overall option implied volatility of 21 is near its 26-week average.
 
Home Depot (HD) is recently up 54c to $30.79 in pre-open trading on Q3 EPS of 60c pm revenue of $17.3B and raised its dividend to 29c from 25c. Overall option implied volatility of 31 is near its 26-week average.
 

CBOE S&P 500 BuyWrite Index (BXM): www.cboe.com/BXM closed at 821.46 above 50-day moving average of 780.59.
 

CBOE significant put volume increases;
 
CCL 1/21/2012 27 20K contracts
GM 11/19/2011 23 8K
BAC 11/19/2011 6 5K
AAPL 11/19/2011 380 4K
JPM 12/17/2011 30 3K
MSFT 11/19/2011 26 3K
TXT 1/21/2012 20 3K

PPI off 0.3%

Core PPI unch (in line with expectations)

October Retail Sales up 0.5%, X-Autos up 0.6%. Retail Sales had been expected in the +0.2% to +0.3%

First batch of economic numbers this morning slightly better than expected

European stock sell-off leads US stock futures lower