Blogging Options: CBOE Morning Update

Stock Mover’s

Oracle (ORCL) is recently trading down $2.98 to $26.19 in pre-open trading following less than expected Q2 results and weak macro outlook. Overall option implied volatility of 37 is above its 26-week average of 33.

Walgreen (WAG) is recently trading down $2.00 to $31.50 in pre-open trading on Q1 profit falling 4.5% amid higher costs. Overall option implied volatility of 39 is above its 26-week average of 31.
 
Jabil Circuit (JBL) is recently trading down 93c to $19.02 in pre-open trading following less than expected 2012 guidance. Overall option implied volatility of 49 is near its 26-week average of 52.

Nike (NKE) is recently trading up $1.15 to $94.78 in pre-open trading following better than expected Q2 results and demand outlook. Overall option implied volatility of 35 is near its 26-week average of 31.
 
 
CBOE significant put volume increases;
 
F 1/21/2012 10 6K contracts
MSFT 1/21/2012 24 6K
YHOO 4/21/2012 25 6K
WFC 1/21/2012 25 5K
GLD 1/21/2012 157 5K
ONTY 2/18/2012 7 5K
BAC 12/23/2011 5 5K
JEF 1/21/2012 10 3K
RIMM 2/18/2012 12 3K

ECB news puts a damper on US stocks. RIM stories circulating this morning have shares up 8%.