Blogging Options: CBOE Morning Update

Volatility as an asset class
 
SuperValu (SVU) is recently up 54c to $5.86 in the premarket on Q4 adjusted EPS 38c, consensus 35c. Overall option implied volatility of 75 is above its 26-week average of 58.

Sony (SNE) is recently down $1.50 to $18.60 in the premarket on the company announcing that its sees a FY net loss "significantly greater" than February forecast. Overall option implied volatility of 33 is below its 26-week average of 37.

Apple (AAPL) is recently up $4.37 to $640 in the premarket. Overall option implied volatility of 35 is above its 26-week average of 31 as shares trade at a record high.

IBM (IBM) overall option implied volatility of 20 is below its 26-week average of 23 as shares trade off of its record high of $210.69.
 
 
CBOE Volatility Index-VIX closed at 18.79, 10-day moving average is 15.95, 50-day moving average is 17.29, 75-day at 18.60, 200 day is 25.70.

Stocks with significant put volume increases;
 
MMR 5/19/2012 10 10K contracts
 
X 4/21/2012 27 6K
 
AAPL 4/13/2012 615 5K
 
MS 5/19/2012 16 5K

U.S. equities are mixed to lower one-half hour into the trading session as European stocks trade near two-month lows. Alcoa after the close.