Blogging Options: CBOE Morning Update

Options as an asset class

Coca Cola (KO) is recently up 87c to $68.90 in the premarket on a Q4 profit of $1.65B on a revenue increase of 5.2% to 11B. Overall option implied volatility of 16 is below its 26-week average of 18.

Coinstar (CSTR) is recently up $9.25 to $59.93 in the premarket on the company’s better than expected Q4 results and acquisition of NCR’s entertainment line of business. February call option implied volatility is at 93, March is at 61; compared to its 26-week average of 54.

NCR Corp. (NCR) is recently up $1.02 to $20.05 in the premarket on the copany seeing FY12 EPS $2.36-$2.43 vs. consensus $2.18. Overall option implied volatility of 37 is below its 26-week average of 42.

Globex S&P futures are recently down 3.30 from previous day’s SPX cash close. Nikkei 225 down 0.13%, DAX 30 down 0.64%. WTI Crude oil is recently at $95.99, copper down 1.51% and gold is at $1714 an ounce.
 

Significant call volume increases;
 
BAC 2/18/2012 8 11K contracts
C 3/17/2012 34 7K
NLY 2/18/2012 13 6K
S 3/17/2012 2.5 5K
AAPL 2/10/2012 465 5K