Blogging Options: CBOE Morning Update

Volatility as an asset class for Cyber Monday shippers
 
FedEx (FDX) is recently up $2.17 to $78.25 in pre-open trading on optimism for a strong holiday shopping season. Overall option implied volatility of 40 is above its 26-week average of 31.
 
UPS (UPS) is recently up $1.96 to $68.41 in pre-open trading overall option implied volatility of 28 is above its 26-week average of 24.

SPDR S&P 500 ETF (SPY) is recently up $2.79 to $119.14 in pre-open trading as European nations try to assure investors they can come to a solution on the debt issues and strong Black Friday retailer sales. Overall option implied volatility of 30 is above its 26-week average of 25.
 
 
CBOE significant put volume increases;
 
GLD 12/17/2011 120 5K contracts
AAPL 11/25/2011 365 4K
AET 1/21/2012 40 3K
C 12/17/2011 20 3K
GLD 11/25/2011 164 2K
AMZN 11/25/2011 185 2K
TLT 11/25/2011 121 2K
NOK 12/17/2011 5 2K

Worst Thanksgiving week since 1932 for markets. "Cyber Monday’ upon us, many waiting to see if sales were as good as big box stores last Friday. Oh, and it’s snowing in Chicago.