Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Humana (HUM) is off $3.30 to $84.52 after reporting Q1 EPS $1.49, consensus $1.53. Overall option implied volatility of 26 is below its 26-week average of 30.
 
NYSE Euronext (NYX) closed at $27.07 into reporting Q1 adjusted EPS 47c, consensus 48c. Overall option implied volatility of 25 is below its 26-week average of 33.

Barnes & Noble (BKS) and Microsoft (MSFT) announced the formation of a strategic partnership in a new digital reading subsidiary. Barnes & Noble overall option implied volatility of 77 is near its 26-week average of 79.
 
 
CBOE Volatility Index-VIX closed at 16.32, 10-day moving average is 17.88, 50-day moving average is 17.14.
 

Stocks with significant put strike volume increases;

GG 10/20/2012 36 11K contracts

AAPL 4/27/2012 600 11K

FMCN 5/19/2012 21 9K
 
AMZN 4/27/2012 225 8K

PFE 5/19/2012 23 6K
 
MDRX 12/22/2012 8 5K

BBY 6/16/2012 15 4K

U.S. equities are mixed to lower. . 

Over a dozen Spanish banks had their credit rating lowered this morning. 

Income and Spending both showed a 0.3% gain (both a tick lower than expected).