Blogging Options: CBOE Afternoon Update

VeriSign (VRSN) is down $5.30 to $34.05 after receiving approval from the U.S. Department of Commerce to renew its agreement to serve as the authoritative operator for the .com registry, however the company no longer has the right to four price increases of up to 7% over the six-year term. December and January call option implied volatility of 30 is near its 26-week average of 30.

Yum! Brands (YUM) is down $6.99 to $67.47 on a deceleration of same store sales in China. December, January, and April call option implied volatility of 24 is below its 26-week average of 27.

Several more companies announced special one-time dividends, including Whole Foods (WFM), Tellabs (TLAB), Enzon Pharmaceuticals (ENZN), National Beverage (FIZZ) and Regal Entertainment (RGC).

WFM overall option implied volatility is at 28, below its 26-week average of 32.

TLAB overall option implied volatility is at 33, below its 26-week average of 40.

ENZN overall option implied volatility of 41 is near its 26-week average.

FIZZ overall option implied volatility is at 26, below its 26-week average of 32.

RGC overall option implied volatility is at 25, below its 26-week average of 28.

CBOE Volatility Index (VIX) is recently up 0.83 to 15.89. VIX December 15 and January 17 puts are active on total option volume of 171K contacts at the CBOE.

S&P 100 Options (OEX) is recently down $0.90 to $645.52 at midday as negotiations in Washington continue to avoid the fiscal cliff.