Blogging Options: CBOE Mid-day Update

Stock Mover’s
Textron (TXT) is recently up $1.15 to $21.32 as the company conducting a strategic review that could include options such as spinning off parts of the company, sources say, reports Reuters. January and February call option implied volatility of 43 is near its 26-week average of 44.
Lennar (LEN) is recently up $1.58 to $22.34 on better than expected Q4 orders. January call option implied volatility is at 38, February is at 33;below its 26-week average of 46.

SuperValu (SVU) is recently down $1.01 to $7.38 on a wider than expected Q3 loss. January call option implied volatility is at 36, February is at 39; below its 26-week average of 52.

SPDR S&P 500 ETF (SPY) is recently down 3C to $129.11 on a tight trading range of $128.52- $129.19. Overall option implied volatility of 21 is below its six-month average of 25.