Blogging Options: CBOE Morning Update

Options as a volatility class:

Deere (DE) is down $4.24 to $75.90 in the premarket after reporting Q3 EPS $1.98, compared to consensus $2.32. Sales up 16% but but far below 23% expected. Overall option implied volatility of 27 is near its 26-week average.

SPDR S&P 500 ETF (SPY) overall option implied volatility of 17 is below its 26-week average of 21.

NASDAQ 100 (QQQ) overall implied volatility at 19; 26-week average is 21.

Financial Select Sector (XLF) overall volatility at 22, 26-week average is 24.

SPDR Gold Trust (GLD) overall implied volatility at 18; 26-week average is 21.

CBOE Volatility Index (VIX ) closed 14.85, 10-day moving average is 15.80, 50-day moving average is 18.35.

U.S. stocks are mixed. July CPI flat (June flat). Core Rate (X-Food & Energy) +0.1%. Empire State -5.85, weak number. Europe quiet on partial holiday.