Blogging Options: CBOE Morning Update

Volatility as an asset class
iShares France (EWQ) is recently up 2c in the premarket on Francois Hollande’s election to President. Overall option implied volatility of 33 is below its 26-week average of 40.

Tyson Foods (TSN) off 30c after initially rising 41c in the premarket after reporting Q2 EPS 44c, consensus 39c. Overall option implied volatility of 30 is near its 26-week average of 28.
DISH Network (DISH) up 29c to $31.60 in the premarket after announcing Q1 gains of approximately 104,000 net subscribers during and revenue of $3.58B, consensus $3.62B. Overall option implied volatility of 48 is near its 26-week average.
EchoStar (SATS) reported Q1 EPS of $1.45 on revenue of $765M. Overall option implied volatility of 45 is near its 26-week average.
Stocks with significant put strike volume increases;

SPY 5/19/2012 132 38K contracts

CI 10/20/2012 43 34K

RIMM 6/16/2012 13 25K

U.S. equities are lower in the premarket as France elected Francois Hollande as president. Early pre-market losses have been halved. While the election results in Fraance & Greece were not unexpected, many investors still trying to figure out the ramifications. INTC raises dividend by $0.015 per share, Talbott’s gets bid. 

Watch VIX. CBOE Volatility Index-VIX closed at 19.16, 10-day moving average is 17.37, 50-day moving average is 17.08.

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