Blogging Options: CBOE Morning Update

Stock Mover’s
 
Texas Instruments (TXN) is recently down $1.59 to $28.40 in pre-open trading following the company lowering Q4 guidance. Overall option implied volatility of 34 is above its 26-week average of 31.

DuPont (DD) is recently down $2.68 to $43.70 in pre-open trading following the company lowering Q4 guidance on weak consumer electronics, housing and construction. Overall option implied volatility of 34 is above its 26-week average of 31.

Toyota (TM) is recently down 35c to $66.78 following the company lowering FY12 revenue forecast to 18.2T yen from 19T yen. Overall option implied volatility of 26 is near its 26-week average.

U.S. equity’s are higher on positive European Summit headlines.
 

CBOE significant call volume increases;
 
AMGN 12/17/2011 65 29K contracts
C 12/17/2011 30 18K
LDK 1/21/2012 9 10K
BAC 12/17/2011 6 9K
MRVL 1/21/2012 16 6K
YHOO 4/21/2012 16 6K
SHAW 12/17/2011 26 5K 

March is now the lead or front month for S&P futures. Depending on the system your broker uses (or software you use) the symbol may be SPH2 (H for March, 2 for 2012).