Blogging Options: CBOE Morning Update

Volatility as an asset class

MasterCard (MA) is recently up $2.96 to $415.74 in the premarket. Overall option implied volatility of 27 is below its 26-week average of 37.

Visa (V) closed at $116.16. Overall option implied volatility of 26 is near its 26-week average of 30.

American Express (AXP) is recently down 24c to $52.75 in the premarket. Overall option implied volatility of 25 is below its 26-week average of 30.

Discover (DFS) closed at $30.53. Overall option implied volatility of 29 is below its 26-week average of 37.

Capital One (COF) closed at $49.89. Overall option implied volatility of 29 is below its 26-week average of 38.
 

CBOE Volatility Index-VIX closed at 17.29, 10-day moving average is 17.73, 50-day moving average is 19.70.

Stocks with significant put volume increases;

 

AAPL 3/2/2012 540 9K contracts

BAC 3/9/2012 8 3K

TLEO 9/22/2012 45 3

NFLX 3/2/2012 115 2K

RIG 4/21/2012 50 2K

U.S. equities are lower as China reduced its growth target to 7.5% this year. ISM & Factory Orders will be watched later this morning.