Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Nike (NKE) is recently up 26c to $111.25 in the premarket on Q3 EPS $1.20, consensus $1.17 Overall option implied volatility of 27 is near its 26-week average of 29.
 
Accenture (ACN) is recently up 93c to $64.36 in the premarket after raising its FY12 EPS outlook to $3.82-$3.90 from $3.76-$3.84. Overall option implied volatility of 23 is below its 26-week average of 33.
 
 
Micron (MU) is recently down 34c to $8.37 in the premarket after reporting Q2 EPS (23c) , consensus (19c). Overall option implied volatility of 51 is below its 26-week average of 60.
 
CBOE Volatility Index-VIX closed at 15.57, 10-day moving average is 15.40, 50-day moving average is 18.16.
 
U.S. equities give up early pre-market gains on lower European and Asian stock pullback and continuing China growth concerns. Exisitng Home Sales ay 9:00am CDT will be watched.
 
 
Stocks with significant put volume increases;

LCC 4/21/2012 6 10K contracts
 
GM 7/21/2012 20 10K
 
AAPL 3/23/2012 600 9K
 
VZ 4/21/2012 40 7K
 
CHK 4/21/2012 24 6K
 
WLP 9/22/2012 62.5 6K

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