Blogging Options: CBOE Mid-day Update

Stock Mover’s
 
Men’s Wearhouse (MW) is recently up $4.64 to $31.83 on better-than-expected Q3 earnings. January and February call option implied volatility of 35 is below its 26-week average of 47, suggesting decreasing price movement.

Citigroup (C) is recently down 20c to $29.56 after announcing a plan to eliminate 4,500 jobs and a $400M charge. Overall option implied volatility of 57 is above its 26-week average of 49.

Talbots (TLB) is recently up 92c to $2.48 following an announcement by Sycamore to acquire all of the company’s outstanding stock for $3 cash per share. January and February call option implied volatility of 82 is near its 26-week average of 80.

CBOE Volatility Index (VIX) is recently up 60c at 28.73 as stocks are mixed into leaders meeting for a European Summit on Thursday.