Blogging Options: CBOE Morning Update

Lululemon Athletica (LULU) is down $1.62 to $66.98 in the premarket. great earnings but sees Q4 EPS 71c-73c, compared to consensus 75c. Overall option implied volatility of 52 is above its 26-week average of 46.

Apple (AAPL) is down $5.25 to $533.29 in the premarket after falling 6.4% on Wednesday. Overall option implied volatility of 38 is above its 26-week average of 32.

iShares Silver Trust (SLV) is off $0.15 to $31.67 in the premarket. Overall implied volatility of 25 is below its 26-week average of 28.
CBOE Volatility Index (VIX) closed at 16.45, above its 10-day moving average of 15.85, and below its 50-day moving average is 16.51.

SPDR S&P 500 ETF Trust (SPY) is recently down 7c to $141.43 in the premarket into Friday’s November employment report.

Calls with increasing volume at CBOE;

BAC 2/16/2013 10 31K contracts

FCX 2/16/2013 36 17K

SPY 12/22/2012 142 11K

DG 12/22/2012 50 11K

AAPL 12/7/2012 560 10K

Weekly Initial Jobless Claims drops to 370k (Price Headley on his blog Monday said consensus was 382k). European stocks firm on good German economic number and well received French auction. ECB keeps rates unchanged. Eyes also on Syria and possible weapons, Big Employment number tomorrow.