Blogging Options: CBOE Morning Update

Volatility as an asset class
Sony Corp.’s (SNE) is up 2c to $10.88 in the premarket following the latest James Bond movie, “Skyfall”, earning $87.8M in North America during its domestic opening weekend on 3,505 screens, bringing its cumulative world-wide grosses to $518.6M, reports the WSJ. Overall option implied volatility of 39 is near its 26-week average.

Research in Motion (RIMM) is up 43c to $8.96 in the premarket after the company says BlackBerry 10 will launch at event on January 30, 2013. Overall option implied volatility of 67 is near its 26-week average.

Target (TGT) closed at $62.02 after saying store doors will open at 9 p.m. on Thanksgiving for Black Friday guests. Overall option implied volatility of 20 is near its 26-week average.

CBOE Volatility Index (VIX) closed at 18.61, above its 10-day moving average of 18.06, and its 50-day moving average of 16.23.

SPDR S&P ETF Trust (SPY) is indicated higher in the premarket following its biggest weekly retreat since June.

Calls with increasing volume at CBOE;

AAPL 11/9/2012 550 24K contracts
SPY 11/9/2012 138.5 22K
WFT 11/17/2012 12 10K

Leucadia bought the rest of Jefferies it doesn’t already own in an all-stock deal. AAPL and HTC settled a patent dispute. Japan Q3 GDP dropped, EU will not make a decision today on Greece today, but said Greece will not default Friday. European and Asian stocks mixed to lower. Economic news later this morning.