Blogging Options: CBOE Morning Update

Volatility as an asset class: Ecommerce retailers: volatility elevated into holiday shopping season and economic uncertainty
 
Amazon.com (AMZN) overall option implied volatility of 47 is above its 26-week average of 41.
 
Barnes & Noble (BKS) overall option implied volatility of 83 is above its 26-week average of 54.
 
eBay (EBAY) overall option implied volatility of 43 is above its 26-week average of 40.

Dangdang (DANG) overall option implied volatility of 102 is above its 26-week average of 94.

Overstock.com (OSTK) overall option implied volatility of 65 is above its 26-week average of 59.

Blue Nile (NILE) overall option implied volatility of 54 is near its 26-week average.
 

CBOE significant put volume increases;
 
BAC 12/17/2011 5 6K contracts
CVI 12/17/2011 20 6K
CIEN 4/21/2012 7 4K
GLD 2/18/2012 156 4K
F 12/17/2011 12 4K
DTV 12/17/2011 45 3K
BAC 1/21/2012 5 3K
SLB 1/21/2012 57.5 3K
JEF 1/21/2012 10 3K

Stocks and stock options close at noon Chicago time. Broad-based indexes close at 12:15pm, while bonds close at 1pm.

Stock futures off a bit on Europe concerns. 2-year Italian bond hits record high yield of 7.49%, and Hungary (not in EU) paper lowered to junk status. US Retailers hoping for big traffic today. VIX starts day at 33.98.

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