Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Adobe (ADBE) is recently down $1.21 to $33.30 in the premarket on the company seeing Q2 revenue $1.09B-$1.14B, consensus $1.10B. Overall option implied volatility of 31 is below its 26-week average of 39.
 
Proshares Ultra Short 20 Year Treasury ETF (TBT) overall option implied volatility of 35 is below its 26-week average of 38 as Treasury prices trend up from historic low prices.
 
SPDR Gold Trust (GLD) overall option implied volatility of 17 is below its 26-week average of 23 as gold trades down 1.14% to $1648 an ounce.
 
CBOE Volatility Index-VIX closed at 15.04, 10-day moving average is 16.56, 50-day moving average is 18.49.
 

Stocks with significant put volume increases;
 
DNR 5/19/2012 18 12K contracts

BAC 3/23/2012 9 10K

AAPL 3/23/2012 570 5K

TEL 7/21/2012 30 4K

U.S. equities are lower. U.S. House starts down 1.1% but Permits up slightly. Slowing growth concerns in emerging markets one factor to stock weakness. Voting day in Illinois. Happy Vernal Equinox.