Blogging Options: CBOE Morning Update

Volatility as an asset class

Research in Motion (RIMM) is recently up 34c to $14.10 in the premarket on the company expecting U.S. subscriber base to remain under pressure after reporting a larger than expected loss. April call option implied volatility is at 82, May is at 69; compared to its 26-week average of 63.

Tibco (TIBX) is recently trading down 5c to $32.49 in the premarket on a Q1 profit rising 29% as new contracts continued to grow revenue. April call option implied volatility is at 48, May is at 39; below its 26-week average of 52.
 
William Cos. (WMB) is recently trading up 56c to $31.15 in the premarket after saying its plans to offer 26M shares to help fund its acquisition of Caiman Eastern Midstream. Overall option implied volatility of 26 is below its 26-week average of 40.
 

Stocks with significant put volume increases;

AAPL 3/30/2012 610 13K contracts

F 1/19/2013 12.5 10K 450

ILMN 4/21/2012 49 7K

RIMM 3/30/2012 12 6K

FCX 8/18/2012 33 6K

 Stock futures are trading higher. Euro f for February. Jan was revised higher to +0.4% (previously reported at +0.2%). Income inance ministers talking the talk, but Spain a worry. In the US, Spending was much higher than expected with a gain of 0.8%. Feb Income up only 0.2%.

RIMM (quarterly loss) and AAPL (new target by an analyst) should be busy.

End of Q 1, Quarterly options expire today.

 

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