Blogging Options: CBOE Morning Update

Volatility as an asset class:
 
U.S. vehicle manufacturer option implied volatility has increased, as shares have recently sold off on concerns of slowing international economic growth.
 
Ford (F) overall option implied volatility of 37 is above its 26-week average of 35.
 
General Motors (GM) option implied volatility of 41 is above its 26-week average of 37.
 
Tesla Motors (TSLA) option implied volatility of 59 is above its 26-week average of 46.

Honda (HMC) option implied volatility of 31 is above its 26-week average of 25.

Toyota (TM) overall option implied volatility of 26 is above its 26-week average of 23.
 

Puts with increasing volume at CBOE.
 
ACI 6/16/2012 7 9K contracts
 
XOM 10/20/2012 90 8K
 
PFE 3/16/2013 19 8K
 
FB 9/22/2012 25 5K
 
LYV 7/21/2012 7.5 4K
 
FB 8/18/2012 25 4K

U.S. equities are mixed to lower in the premarket on Spanish and Greece bank run concerns. Egan Jones down graded the UK from AA to AA- after the close yesterday, and Spanish Treasury official comments weighing on markets.

CBOE Volatility Index-VIX closed at 26.12, above its 10-day moving average of 23.21 and its 50-day moving average of 19.24.