Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Total (TOT) is recently $3.38 to $51.41 on a flammable gas leak on a Total platform east of Scotland. April and May call option implied volatility of 26 is below its 26-week average of 31, however above a level of 24 from March 26.

McMoRan Exploration (MMR) is recently down $1.38 to $10.75 after the company reported technical difficulty at its Davy Jones Prospect. April put option implied volatility is at 89, May is at 84; compared to its 26-week average of 84.
 
Apple (AAPL) March weekly and April call option implied volatility is at 27, May is at 31; compared to its 26-week average of 31. March weekly 615 and 620 calls are active on total CBOE volume of 171K contracts.
 
Options with significant volume increases at CBOE: BIDU, AMZN, ARNA, KGC.