Blogging Options: CBOE Morning Update

Volatility as an asset class
 
AutoZone (AZO) is recently down $9.55 to $359 in pre-open trading following Q3 EPS of $6.28, consensus $6.25. Overall option implied volatility of 28 is above its 26-week average of 24.

Best Buy (BBY) is recently up 50c to $18.52 in the premarket after reporting Q1 adjusted EPS 72c vs. 65c. Overall option implied volatility of 61 is above its 26-week average of 39.

Ralph Lauren (RL) is recently down $3.15 to $143.15 in the premarket after reporting Q4 revenue $1.6B, compared to consensus estimates of $1.60B. Polo Ralph Lauren increased its dividend 100% to 40c. Overall option implied volatility of 45 is above its 26-week average of 34.
 
U.S. equities are indicating a mixed open on the uncertainty for an EU crisis solution.

CBOE Volatility Index-VIX closed at 22.01, 10-day moving average is 21.55, 50-day moving average is 17.78.
 

Puts with volume increases at CBOE;
 
 
BAC 5/25/2012 7 6K contracts
 
JPM 1/18/2014 20 6K
 
MOS 7/21/2012 45 5K
 
AAPL 5/25/2012 550 4K
 
FXE 6/16/2012 130 4K
 
HIG 7/21/2012 16 4K
 
WLL 9/22/2012 37.5 3K

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