Blogging Options: CBOE Morning Update

Stock Mover’s
 
DuPont (DD) is recently up 79c to $44.70 in pre-open trading on the company seeing 2012 EPS $4.20-$4.40 on 2012 sales of $40B-$42B. Overall option implied volatility of 33 is near its 26-week average of 31.
 
Best Buy (BBY) is recently trading down $2.69 to $25.38 in pre-open trading on the release of Q3 EPS 47c vs. consensus 51c. Overall option implied volatility of 49 is above its 26-week average of 38.

Urban Outfitters (URBN) is recently up $3.34 to $29.80 in pre-open trading after the company said retail net sales were up mid single-digit thus far in Q4. Overall option implied volatility of 40 is below its 26-week average of 45.
 

Volatility as an asset class
 
U.S. and European equity’s are trading higher as EU leaders attempt to come up with a cohesive strategy for the region’s debt crisis.
 
iShares MSCI Germany (EWG) overall option implied volatility of 55 is above its 26-week average of 39.
 

CBOE significant put volume increases;
 
UTHR 1/21/2012 60 17K
SQNM 1/21/2012 5 10K
CIT 1/18/2014 20 10K
GLW 12/17/2011 13 8K
INTC 12/17/2011 24 4K
BAC 12/17/2011 6 4K
MS 1/21/2012 12.5 3K
KMI 6/16/2012 30 3K