Blogging Options: CBOE Morning Update

Stock Mover’s
 
Affymax (AFFY) is recently up $1.26 to $7.10 in pre-open trading following the FDA advisory vote in favor of benefit/risk profile for peginesatide. Overall option implied volatility of 184 is above its 26-week average of 94.

Boeing (BA) is recently up $1.22 to $71.81 in pre-open trading on the decision by members of the International Association of Machinists & Aerospace Workers to approve a four-year contract extension. Overall option implied volatility of 32 is near its 26-week average.
 
Costco (COST) is recently down $2.47 to $85 in pre-open trading on Q1 revenue $21.63B vs. consensus $21.46B. Overall option implied volatility of 24 is near its 26-week average of 26.
 
U.S. equity’s are mixed after the European Central Bank lowered interest rates by 25 basis points to 1.0%.
 

CBOE significant call volume increases;
 
AMGN 12/17/2011 65 37K contracts
AMR 12/17/2011 1 11K
C 12/9/2011 31 9K
BAC 12/17/2011 6 8K
CSCO 1/21/2012 16 7K
PCAR 1/21/2012 49.7 6K
PBR 1/21/2012 29 6K

Stock futures up fractionally. ECB additional moves (beyond .25% easing) being received favourably.