Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Lions Gate’s is recently up 58c to $15.11 in the premarket after “The Hunger Games” opening weekend came in significantly higher than expected. Overall option implied volatility of 64 is above its 26-week average of 45.
 
United States Oil Fund (USO) is recently up 10c to $40.79 in the premarket as WTI oil trades up 0.30% to $107.19. Overall option implied volatility of 26 is below its 26-week average of 34.

Energy Select Sector SPDR (VXXLE) closed at 20.66; below 50-day MA of 23.30
 
CBOE Volatility Index (VIX) closed at 14.82, 10-day moving average is 15.40, 50-day moving average is 18.16.
 
 
Stocks with significant put volume increases;
 
AAPL 3/23/2012 595 14K contracts
 
FCX 4/21/2012 40 7K

OCZ 6/16/2012 9 5K

BAC 4/21/2012 9 3K

KBH 4/21/2012 10 3K

DTV 1/19/2013 45 3K

U.S. equities are higher on an increase in German business confidence. Mr. Bernanke’s remarks this morning about the FED being accomodative to improve employment growth seem to be received well.