Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Tractor Supply (TSCO) is recently up $4.16 to $96.46 in the premarket on the company seeing Q1 EPS 53c-55c, consensus 32c. Overall option implied volatility of 31 is below its 26-week average of 34.
 
SPDR Gold Trust (GLD) overall implied volatility of 20 is below its 26-week average is 22 as gold trades down 0.21% to $1,657.

Market Vector Gold Miners (GDX) overall option implied volatility of 33 is near its 26-week average of 34, suggesting non-directional price movement.
 
VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 41.98, above its 10-day moving average of 32.39 and its 50-day moving average of 30.85
 
CBOE Volatility Index-VIX closed at 20.02, 10-day moving average is 17.01, 50-day moving average is 17.34.
 

Stocks with significant put volume increases;
 
VOD 7/21/2012 24 21K contracts
 
MSFT 6/16/2012 28 15K
 
NVS 7/21/2012 50 10K
 
AAPL 4/13/2012 625 8K
 
WAG 5/19/2012 31 7K
 
RIMM 4/21/2012 13 6K

U.S. equities and commodity prices slightly higher after Core PPI rose 0.3% and Weekly Jobless claims rose.