Blogging Options: CBOE Morning Update

Volatility as an asset class:
 
U.S. vehicle manufacturer option implied volatility flat, GM is the exception on wide share price movement
 
Ford (F) overall option implied volatility of 40 is near its 26-week average of 39.
 
General Motors (GM) overall option implied volatility of 45 is above its 26-week average of 42.
 
Tesla Motors (TSLA) overall option implied volatility of 43 is below its 26-week average of 54.

Honda (HMC) overall option implied volatility of 29 is near its 26-week average.

Toyota (TM) overall option implied volatility of 25 is near its 26-week average.
 
CBOE Volatility Index-VIX closed at 27.52, 10-day moving average is 31.08, 50-day moving average is 33.11 as U.S. equity futures are signaling a higher open as leaders prepare to meet on Europe’s debt crisis.
 

CBOE significant call volume increases;
 
RIMM 3/17/2012 30 22K contracts
MT 12/17/2011 21 15K
BAC 12/17/2011 6 6K
GLD 12/17/2011 180 6K
AAPL 12/2/2011 390 5K
HAL 12/17/2011 40 5K
CAR 12/17/2011 11 5K
NSR 12/17/2011 40 5K
HAL 12/17/2011 42 5K

Futures up smartly.