Blogging Options: CBOE Morning Update

Stock Mover’s
 
Target (TGT) is recently up $1.86 to $55.04 after announcing better than expected Q3 EPS of 87c on revenue of $16.05B. Overall option implied volatility of 27 is near its 26-week average.

Tyco (TYC) is recently up $1.21 to $47 in pre-open trading on better than expected Q4 revenue of $4.69B and plans are on track to split into three standalone public companies. Overall option implied volatility of 34 is near its 26-week average of 33.

Dell (DELL) is recently down 41c to $15.22 in pre-open trading on 2012 revenue growth concerns after announcing Q3 revenue of $15.37B. Overall option implied volatility of 43 is above its 26-week average of 40.

CBOE S&P 500 PutWrite Index (PUT) closed at 1075.35, a 14-month high. www.cboe.com/PUT

U.S. equity futures are signaling a lower open on European debt concerns.
October Consumer Price Index CPI less food & energy at 0.1% vs. consensus of 0.1%
 

CBOE significant put volume increases;
 
AMGN 12/17/2011 65 12K contracts
LQD 3/17/2012 100 8K
LDK 12/17/2011 9 8K
GLD 11/19/2011 170 7K
C 1/19/2013 18 4K
KOG 11/19/2011 7.5 4K
CSCO 11/19/2011 19 3K
CECO 12/17/2011 7 3K
1ZAGG 11/19/2011 11 3K