Blogging Options: CBOE Morning Update

Volatility as an asset class
 

Proshares Ultra Short 20 Year Treasury ETF (TBT) is recently up 14c to $19.40 in the pre-market into this afternoon’s FOMC policy statement. Overall option implied volatility of 33 is below its 26-week average of 38.
 
Yahoo (YHOO) is recently up 11c to $14.60 in the pre-open following the company accusing Facebook of infringing on patents. Overall option implied volatility of 32 is below its 26-week average of 41.
 
Urban Outfitters (URBN) is recently down $1.27 to $28.26 in the premarket after reporting Q4 EPS 27c, compared to consensus estimates of 29c. Overall option implied volatility of 46 is near its 26-week average of 45.
 
 
CBOE Volatility Index-VIX closed at 15.64, 10-day moving average is 17.96, 50-day moving average is 19.24.
 

Stocks with significant put volume increases;
 
 
RIMM 6/16/2012 24 7K contracts
 
BAC 3/17/2012 8 7K
 
AAPL 3/17/2012 550 5K
 
AMZN 3/17/2012 180 4K
 
DAL 3/17/2012 10 3K
 
BAC 3/17/2012 7 3K

U.S. equities are higher. German investor confidence increased more the forecast, U.S. Dollar hits a 9-month high.The Federal Reserve expected to hold interest rate policy steady. Retail Sales and Retail Salex X-Autos slightly higher than forcast – warm weather in U.S. a factor.

Triple Witch expiration week.