Blogging Options: CBOE Mid-day Update

Stock Mover’s
 
Blue Coat Systems (BCSI) is recently up $7.70 to $25.18 on Thoma Bravo paying company shareholders $25.81 in cash for each share. January call option implied volatility is at 10, April is at 9; below its 26-week average of 56, suggesting decreasing risk after the deal was announced.
 
Pall Corp (PLL) is recently up $4.86 to $57.39 after reporting Q1 EPS 74c vs. consensus 65c. January call option implied volatility is at 31, March is at 33; below its 26-week average of 36.
 
Cooper Companies (COO) is recently up $10.96 to $69.08 on better than expected Q4 and 2012 guidance. January and February call option implied volatility of 32 is below its 26-week average of 34.
 
CBOE Volatility Index (VIX) down 3.23 to 27.36; below 50-day MA of 32.01 as stocks rally on headlines EU leaders reached a deal.

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