Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Intuitive Surgical (ISRG) is recently up $28.42 to $573.95 in the premarket after reporting Q1 EPS $3.50, consensus $3.14. Overall option implied volatility of 37 is above 33 is above its 26-week average 34.
 
Intel (INTC) is recently down 72c to $27.25 in the premarket after reporting Q1 adjusted EPS 56c, consensus 50c. Overall option implied volatility of 25 is below its 26-week average of 28.
 
IBM (IBM) is recently down $4.55 to $202.90 in the premarket after reporting Q1 EPS $2.78, consensus $2.65. Overall option implied volatility of 21 is near its 26-week average of 22.
 
CBOE Volatility Index-VIX closed at 18.45, 10-day moving average is 18.27, 50-day moving average is 17.37.
 
U.S. equities lower in the premarket on concerns of slowing global growth.
 

Stocks with significant call volume increases;
 
AMD 4/21/2012 8 16K contracts

AAPL 4/21/2012 600 16K

INTC 4/21/2012 29 12K

EBAY 7/21/2012 40 9K