Blogging Options: CBOE Morning Update

Volatility as an asset class:
Linkedin (LNKD) is up $7.74 to $101.25 in the premarket after announcing solid Q2 and guidance. Overall option implied volatility of 83 is above its 26-week average of 54.
NYSE Euronext (NYX) closed at $24.58 after reporting Q2 EPS of 49c on net revenue of $602M. Overall option implied volatility of 28 is near its 26-week average of 27.
Procter & Gamble (PG) is up 99c pre-market to $64.90 after reporting Q4 EPS of 82c, compared to consensus 77c. Overall option implied volatility of 16 is near its 26-week average.

CBOE Volatility Index-VIX closed at 17.56, below its 10-day moving average of 18.24 and its 50-day moving average of 19.67.

Puts with increasing volume at CBOE
SPY 8/3/2012 137 33K contracts
KCG 8/18/2012 2.5 25K
HPQ 2/16/2013 18 18K


U.S. Non-Farm Parrolls showed a gain of 163k jobs, higher than the expected 100k – 115k. Jobless Rate rose to 8.3% from 8.2%. June job gains reduced from 84k to 60k. DJIA Futures with nice pre-market rally, 10-year ticks up to 1.54%.