Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Intuit (INTU) is recently down $1.62 to $58.50 in the premarket on total TurboTax federal units were up 8% as of March 17, compared to the same period last year. Overall option implied volatility of 24 is below its 26-week average of 30.
 
McDonalds (MCD) is recently down 52c to $96.15 in the premarket on CEO Jim Skinner announcing his retirement. He will be replaced by COO Don Thompson. Overall option implied volatility of 17 is below its 26-week average of 20.
 
Lululemon Athletica (LULU) is recently down $1.43 to $72.63 on the company seeing FY12 EPS $1.50-$1.57, consensus $1.61. Overall option implied volatility of 44 is below its 26-week average of 54.
 

 
Stocks with significant put volume increases;

MS 4/21/2012 15 8K
 
BAC 4/21/2012 9 8K

AAPL 3/23/2012 600 6K
 
F 5/19/2012 11 5K

BAC 3/23/2012 9 5K

ARIA 5/19/2012 11 5K

U.S. equities lower, following European stocks. China growth stil a lconcern. FDX announced earnings slightly above estimates, but shares lower by $2.50. Weekly Claims fell, Conference Board Leading Indicators at 9am.