Blogging Options: CBOE Morning Update

Stock Mover’s
 
 
Seagate (STX) is recently up $1.08 to $17.90 in pre-open trading after the company attributes better than expected Q2 results to strong execution. Overall option implied volatility of 47 is below its 26-week average of 52.
 
Macy’s (M) authorized an increase in its dividend to 20c per share and raises guidance for Q4 and the year. Overall option implied volatility of 35 is below its 26-week average of 41.

Sirius XM (SIRI) is recently up 4.4% in pre-open trading on the company saying it ended the year with nearly 21.9M subscribers. Overall option implied volatility of 48 is below its 26-week average of 57.
 

CBOE significant call volume increases;
 
MSFT 3/17/2012 28 11K contracts
IAG 2/18/2012 17 10K
MSFT 1/21/2012 27 9K
AAPL 1/6/2012 415 7K
BAC 1/21/2012 6 6K
PFE 6/16/2012 22 5K
AKS 1/19/2013 15 4K

U.S. equities are lower, as European stocks sold off on renewed tensions European banks will be required to raise additional capital. Offsetting this were two good job reports in the US. Weekly claims dropped slightly (the holidays are a difficult period to measure), but ADP reported that private sector jobs increased by 325k.