Blogging Options: CBOE Morning Update

Options as a volatility class:

FedEx (FDX) is down $2.44 to $85.10 in the premarket after cutting its outlook. Overall option implied volatility of 26 is near its 26-week average.
 
DeVry (DV), at $19,20, approved a $100M share repurchase program. Overall option implied volatility of 47 is above its 26-week average of 41.
 
Finisar (FNSR) is down 32c to $13.20 in the premarket after reporting Q1 EPS 12c, consensus was 14c. Overall option implied volatility of 67 is above its 26-week average of 61.
 
CBOE Volatility Index (VIX) closed at 17.98. VIX closed above its 10-day moving average of 16.44 and its 50-day MA of 16.87.

Active calls at CBOE:

JPM 11/17/2012 40 10K contracts
INTC 9/7/2012 25 9K
SPY 9/22/2012 141 9K
AAPL 9/7/2012 680 8K
XRT 9/22/2012 63 7K

 U.S. stocks are mixed to lower into the August employment report on September 7. 2Q Productivity +2.2%, higher than 1.8% to 1.9% expected. ECB meeting tomorrow puts focus on Europe, stories about unlimited bond purchases rattling markets.

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