Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Youku.com (YOKU) is recently up $2.78 to $27.91 in the premarket into Q4 results and purchase of Tudou in stock swap. Overall option implied volatility of 99 is near its 26-week average of 103.
 
Semiconductor Holders Trust (SMH) overall volatility of 23 is below its 26-week average of 29.
 
Russell 2000 (IWM) overall implied volatility of 24 is below its 26-week average of 27.

Financial Select Sector (XLF) March call option implied volatility is at 24, April is at 25, May is at 21 below its 26-week average of 27.
 
CBOE Volatility Index (VIX) closed at 17.11, 10-day moving average is 18.21, 50-day moving average is 19.40.
 
Stocks with significant put volume increases;

AAPL 3/9/2012 545 15K contracts

FCX 3/17/2012 40 10K

INTC 3/17/2012 27 8K

DHI 4/21/2012 14 7K

MHS 3/17/2012 60 7K

BAC 3/17/2012 8 6K

U.S. equities are mixed to higher after the opening, watching ongoing European finance minister debt negotiations and China growth.

March front month equity options expire this Friday, March 16, 2012. Good luck with your brackets.