Blogging Options: CBOE Morning Update

Volatility as an asset class

Ralph Lauren (RL) is recently up $8.23 to $165.30 in the pre-market following Q3 revenue of $1.8B vs. consensus $1.75B. February put option implied volatility is at 51, March is at 38; compared to its 26-week average of 41.
 
Buffalo Wild Wings (BWLD) is recently up $10.83 to $81.02 in the premarket on the CEO expecting the company to achieve 20% net earnings growth for 2012. Overall option implied volatility of 44 is above its 26-week average of 40.
 
Panera Bread (PNRA) is recently down $5 to $155.02 in the market after reporting Q4 revenue $495.8M vs. consensus $499.03M. Overall option implied volatility of 44 is above its 26-week average of 40.
 

Significant call volume increases;
 
BAC 3/17/2012 9 46K contracts
YHOO 1/19/2013 20 17K
BAC 2/10/2012 8 11K
PHH 5/19/2012 15 10K
BAC 2/18/2012 10K
MMI 3/17/2012 38 10K
ALL 7/21/2012 31 10K

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