Blogging Options: CBOE Morning Update

Stock Mover’s:

Thomas & Betts (TNB) will be acquired for $72 per share in cash or approximately $3.9B by ABB (ABB). TNB overall option implied volatility of 30 is below its 26-week average of 39.
Pep Boys (PBY) will be acquired for approximately $15 per share by Gores Group. PBY overall option implied volatility of 39 is below its 26-week average of 48.
Gannett (GCI) closed at $15.22 into reporting Q4 EPS 72c vs. consensus 68c. Overall option implied volatility of 40 is below its 26-week average of 48.

Significant put volume increases;

STX 2/18/2012 19 14K contracts
BAC 2/18/2012 7 8K
CTL 2/18/2012 33 6K
AAPL 1/27/2012 445 5K
NFLX 1/27/2012 120K
CAT 5/19/2012 90 3K
NFLX 1/27/2012 115 3K
ITUB 6/16/2012 19 3K
VALE 6/16/2012 24 3K
CBOE Volatility Index-VIX closed at 18.53, 50-day moving average is 24.93.

U.S. equities are lower in the pre-market on Greece and Japan debt concerns. Income and US Savings rate up slightly, Spending off. Airlines taking off on merger stories, Financials higher on upgrades. Super Bowl week.

No Comments

Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education.