Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Google (GOOG) is down $51.22 to $588.12 in the pre-market following Q4 earnings rising 6.3%. Overall option implied volatility of 32 is near its 26-week average of 31. GOOG’s 50-day moving average is $568.
 
IBM (IBM) is up $4.54 to $185.06 in the pre-market following Q4 earnings increasing 4.4%. Overall option implied volatility of 23 is below its 26-week average of 26. IBM’s ten-day moving average is $184.
 
Microsoft (MSFT) is recently up 76c to $28.89 in the pre-market following Q2 profits decreasing 0.2%. Overall option implied volatility of 22 is below its 26-week average of 27.
 
CBOE significant call volume increases;

INTC 1/21/2012 25 27K contracts
CTL 2/18/2012 37 17K
BAC 2/18/2012 6 12K
MSFT 1/21/2012 27.5 9K
GE 1/21/2012 19 7K
AAPL 1/21/2012 425 5K
 
U.S. equities are mixed to lower as European markets trade lower on mixed U.S. corporate results.

CBOE Volatility Index-VIX closed at 19.87, 10-day moving average is 20.92, 50-day moving average is 26.46.
 
January front month equity options expire today, January 20, 2012