Blogging Options: CBOE Morning Update

Stock Mover’s

Tibco (TIBX) is recently up 90c to $22.90 in pre-open trading following the company seeing FY12 adjusted EPS growth of 15%-20%. Overall option implied volatility of 62 is above its 26-week average of 56.

Bed Bath & Beyond (BBBY) is recently down $1.81 to $59.62 in pre-open trading following the company seeing FY11 EPS $3.86-$3.92 vs. consensus $3.83. Overall option implied volatility of 32 is near its 26-week average of 29.

Micron (MU) is recently up 7c to $5.61 in pre-open trading following Q1 revenue $2.09B vs. consensus $2.14B. Overall option implied volatility of 66 is above its 26-week average of 59.
 
 
CBOE significant call volume increases;
 
CVS 1/21/2012 40 14K contracts
SIRI 1/21/2012 2 6K
MSFT 1/21/2012 25 5K
AMLN 1/21/2012 12.5 5K
BAC 1/19/2013 10 5K
JPM 1/21/2012 47 5K
AAPL 12/23/2011 395 4K
MRK 4/21/2012 38 4K
LRCX 6/16/2012 31 4K

U.S. equity’s are mixed in pre-open trading on thin volume as European stocks are up and Asian stocks are lower into economic data.

3Q GDP announced at 1.8% (2% rise was expected). Weekly jobless claims fractionally lower.

VIX starts day at 21.43.