Blogging Options: CBOE Mid-Morning Update

Volatility as an asset class

St. Jude Medical (STJ) increased its quarterly dividend 10% to 23c per share. Overall option implied volatility of 28 is below its 26-week average of 35.
 
Mosaic (MOS) increased its annual dividend by 150% to 50c per share. Overall option implied volatility of 33 is below its 26-week average of 42.
 
SAP (SAP) board recommends increasing its dividend to EUR $1.10 from EUR 60c. Overall option implied volatility of 27 is below its 26-week average of 38.

Berkshire Hathaway (BRK’B) is recently down 74c to $79.30 after releasing its 2011 Annual Report to shareholder. Overall option implied volatility of 20 is below its 26-week average of 25.
 
CBOE Volatility Index-VIX closed at 17.31, 10-day moving average is 18.79, 50-day moving average is 20.44.
 
 
Stocks with significant put volume increases;
 
MSFT 3/17/2012 27 35K contracts

CMCSA 3/17/2012 23 18K

BAC 2/24/2012 8 14K

HD 3/17/2012 38 13K

AAPL 2/24/2012 520 11K

NOV 5/19/2012 47.5 7K

KMI 6/16/2012 40 6K

RIMM 2/24/2012 15 6K

U.S. equities started lower as the Group of 20 nations rejected calls from the euro area to increase the International Monetary Fund’s resources. Stocks have worked their way back to slightly higher.