Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Kohl’s (KSS) is recently down $1.78 to $50.41 in the premarket following the company seeing FY12 EPS $4.75, consensus $4.29. Overall option implied volatility of 29 is below its 26-week average of 31.
 
Limited (LTD) is recently down $1.43 to $44.05 in the premarket following the company seeing 2012 EPS $2.60-$2.80, consensus $2.91. Overall option implied volatility of 30 is below its 26-week average of 37.

Target (TGT) is recently down 57c to $52.40 in the premarket following the announcement of Q4 revenue $21.29B, consensus $21.21B. Overall option implied volatility of 22 is below its 26-week average of 27.

CBOE Volatility Index-VIX closed at 18.19, 10-day moving average is 19.06, 50-day moving average is 20.80.
 

 
Stocks with significant put volume increases;
 

BAC 2/24/2012 8 5K contracts

SWY 4/21/2012 23 5K

NBR 3/17/2012 19 4K

AAPL 2/24/2012 500 4K

NFLX 2/24/2012 110 3K

HPQ 3/17/2012 27 3K

JAH 3/17/2012 40 3K

JAG 3/17/2012 5 3K

DELL 3/17/2012 17 3K

U.S. equities mixed to higher as China’s stocks rallied for fifth day. Retailers took center stage before opening. TGT & DRI upped guidance, KSS lowered. Sears disappointed big time but is selling some stoires and spinning off others, might be worth watching this morning. VVUS got FDA approval for a diet drug and is up $11 pre-opening.

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