Blogging Options: CBOE Morning Update

Volatility as an asset class
Citigroup (C) is down 19c to $33.21 in the premarket after reporting Q1 EPS $1.11 ex-items, consensus $1.00 Overall option implied volatility of 40 is below its 26-week average of 45.
Nokia (NOK) is off 9c to $3.92 in the premarket on Moody’s downgrade to Baa3/P-3, outlook negative. Overall option implied volatility of 57 is below its 26-week average of 62.
CBOE Volatility Index-VIX closed at 19.54, 10-day moving average is 17.59, 50-day moving average is 17.31.
Stocks with significant put volume increases;
AAPL 4/13/2012 605 18K contracts
BAC 4/13/2012 9 13K
ETFC 7/21/2012 9 11K
HBAN 10/20/2012 5 10K
SLM 1/18/2014 10 9K

U.S. equities are mixed to slightly higher. 2Q corporate results start rolling in. Euro trades at a two-month low.

March Retail Sales +0.8% (+0.9% Feb).

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Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education.