Blogging Options: CBOE Mid-day Update

Dendreon (DNDN) is recently down $2.72 to $12.13 following the company seeing moderate sales growth for Provenge in Q1. March call option implied volatility is 78, April is at 71; compared to its 26-week average of 85.

Transocean (RIG) is recently up $2.72 to $53.45 after announcing a $1B charge for legal issues and a $5B goodwill impairment charge. March put option implied volatility is at 50, May is at 37; compared to its 26-week average of 43.

Cheniere Energy (LNG) is recently up $1.88 to $15.94 after Cheniere Energy Partners (CQP) confirmed that it has entered into an arrangement with Blackstone (BX) under which Blackstone would purchase newly issued CQP Senior Subordinated Paid-in-Kind Units for $2B. March and April call option implied volatility of 59 is below its 26-week average of 85.
 
CBOE Interest Rate 5 Year Note- $FVX down 5.5% to 8.45; near 10-day moving average of 8.54.