Blogging Options: CBOE Morning Update

Volatility as an asset class:
Barclays (BCS) is up 21c to $10.95 in the premarket following CEO Diamond resigning because of Libor pricing scandal. Overall option implied volatility of 52 is above its 26-week average of 47.

Microsoft (MSFT) is down 57c to $29.99 in the premarket after the company determined that a write down of its online-services division goodwill of approximately $6.2B is required. Overall option implied volatility of 24 is below its 26-week average of 26.

CBOE Volatility Index-VIX closed at 16.79, 10-day moving average is 18.69, 50-day moving average is 20.52.
Calls with increasing volume at CBOE
SPY 7/21/2012 140 14K contracts
EWZ 8/18/2012 55 11K
OVTI 7/21/2012 15 6K
VXX 7/6/2012 15 6K

SPDR S&P 500 ETF (SPY) is down 17c to $136.34 in the premarket into July 4th holiday trading, a European Central bank meeting on Thursday and the release of U.S. June non-farm payroll report on Friday. Grain prices skyrocketing on midwest heat. Volume yesterday was the lowest of the year, one friend tells lowest of the decade but we can not confirm. CBOE will close at noon CDT today, Broad-based indexes at 12:15.