Blogging Options: CBOE Morning Update

Volatility as an asset class:
 
Michael Kors (KORS) is up $5.47 to $43.60 in the premarket on the company seeing FY13 revenue $1.7B-$1.8B, consensus $1.69B and the company expecting FY13 same store growth of 20%. Overall option implied volatility of 88 is above its 20-week average of 49.

Juniper Networks (JNPR) is higher by 31c to $16.70 in the premarket into the company announcing a new $1B common stock repurchase plan. Overall option implied volatility of 49 is above its 26-week average of 46.

Agrium (AGU) sees Q2 cent ops EPS near or at top of $4.18-$4.78, consensus $4.57. Overall option implied volatility of 32 is near its 26-week average of 33.
 
U.S. equities are higher in the premarket on expectations for a European stimulus package.
 
CBOE Volatility Index (VIX) closed at 23.56, 10-day moving average is 23.53, 50-day moving average is 20.
 
SPDR Gold Trust (GLD) overall implied volatility at 23; 26-week average is 21.
 
 
Calls with increasing volume at CBOE.

SPY 6/16/2012 133 28K contracts 105
BAC 6/16/2012 8 11K
AAPL 6/16/2012 600 10K
BP 10/20/2012 50 10K
LNG 6/16/2012 13 8K