Blogging Options: CBOE Morning Update

Volatility as an asset class

Linkedin LinkedIn (LNKD) is recently up $7.29 to $83.68 in the premarket on the company seeing FY12 revenue $840M-$860M vs. consensus $828.2M. February put option implied volatility is at 74, March is at 65; above its 26-week average of 67.
 
True Religion (TRLG) is recently down $9.19 to $27.55 in the premarket on a weak forecast. February put option implied volatility is at 84, March is at 54, April is at 42; compared to its 26-week average of 43.
 
Tesla Motors (TSLA) is recently trading down 58c to $32 in the premarket following the unveiling of Model X and the scheduled launch of two models by year end 2013. February put option implied volatility is at 71, March is at 57; compared to its 26-week average of 51.

U.S. equities are lower on failure to seal Greek deal. S&P futures off 12 points, Oil and metals also lower.
 
CBOE Volatility Index-VIX closed at 18.62, 10-day moving average is 18.31, 50-day moving average is 22.29.
 
Significant call volume increases;
 
CSCO 2/18/2012 21 14K contracts
 
ALXA 9/22/2012 3.0000 13K
 
BAC 2/10/2012 8K 11K
 
AAPL 2/10/2012 485 10K
 
C 4/21/2012 36 10K