U.S. equities are sharply lower in the premarket. The slide in equity prices began in Asia as Chinese growth slowed. Concerns about capital outflows from Spain followed.
U.S. Non-farm Payrolls rose 69,000 (consensus had been moving lower all week and was in the +155k range). The unemployment rate rose to 8.2%. Futures dropped sharply after this report.
Russell 2000 (IWM) is recently down $1.69 (-2%) to $74.42 in the premarket. Overall implied volatility of 27 is above its 26-week average of 24.
SPDR S&P 500 ETF (SPY) is down 2.35 to $129.13 in the premarket. Overall option implied volatility of 21 is near its 26-week average of 21.
CBOE S&P 100 Options (OEX) overall option implied volatility of 20 is near its 26-week average.
The Power Shares QQQ Trust (QQQ) is off $1.18 to $60.88 in the premarket. Overall option implied volatility of 22 is above its 26-week average of 21.
CBOE Volatility Index-VIX closed at 24.06, 10-day moving average is 22.89, 50-day moving average is 18.80.
Puts with increasing volume at CBOE.
JPM 1/19/2013 28 23K contracts
AAPL 6/1/2012 575 6K
KO 8/18/2012 67.5 5K
JOY 7/21/2012 62.5 4K 654
BAC 6/1/2012 7 4K
KMI 6/16/2012 45 4K
Brent Crude trading at an 8-month low (send a message to my gas station), 10-year at 1.48% as flight to quality intensifies. Watch the VIX.