Blogging Options: CBOE Morning Update

Stock Mover’s
 
Mead Johnson (MJN) is recently up $4.61 to $69.90 in pre-open trading on new tests confirming the safety of Mead Johnson’s Enfamil Premium Newborn formula. Overall option implied volatility of 45 is above its 26-week average of 31
 

MetLife (MET) is recently up $1.20 to $32.30 on GE Capital Financial (GE) acquiring most of the depository business of MetLife Bank. MET overall option implied volatility of 40 is below its 26-week average of 43.

General Electric (GE) overall option implied volatility of 27 is below its 26-week average of 32.
 

U.S. equity’s are slightly lower in pre-open trading. Several data points are expected to be released, including the Richmond and Dallas Fed manufacturing surveys today, and the initial and continuing jobless claims on Thursday.
 
CBOE Volatility Index-VIX closed at 20.72, 10-day moving average is 23.79, 50-day moving average is 29.40.
 
 
CBOE significant call volume increases;
 
SVU 1/21/2012 7.5 25K contracts
AAPL 12/23/2011 400 2K
GE 4/21/2012 13 2K
UPL 1/21/2012 34 1K
AET 1/21/2012 40 1K
C 3/17/2012 30 1K
GE 1/21/2012 15 1K
BAC 1/21/2012 5 1K
NFLX 12/23/2011 72.5 1K
MJN 1/21/2012 60 1K