Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Marvell Technology (MRVL) is recently up 35c to $16.40 in the premarket after reporting Q4 EPS 21c, consensus 18c. Overall option implied volatility of 40 is a below its 26-week average of 44.

Salesforce.com (CRM) is recently up $15.02 to $146.80 in the premarket after reporting Q4 EPS 43c, consensus 40c. March call option implied volatility is at 58, April is at 48; compared to its 26-week average of 51.
 
J.C. Penney (JCP) is recently up 27c to $42.20 in the premarket after reporting Q4 EPS (41c), consensus 68c. Overall option implied volatility of 42 is below its 26-week average of 46.
 
 
CBOE Volatility Index-VIX closed at 16.79, 10-day moving average is 18.93, 50-day moving average is 20.61. www.cboe.com/VIX
 

Stocks with significant put volume increases;

BAC 2/24/2012 8 9K contracts
 
NEM 3/17/2012 60 8K
 
AAPL 2/24/2012 500 8K
 
WAG 3/17/2012 33 5K

BAC 3/17/2012 8 5K
 
SWY 4/21/2012 23 5K

U.S. equities mixed to higher as oil trends above $108. European stocks up a fraction, Asian stocks closed slightly lower.