Blogging Options: CBOE Morning Update

Volatility as an asset class

Texas Instrument (TXN) closed at $29.82 after narrows Q4 guidance to within its previous range. December and January put option implied volatility is at 26, April is at 28; compared to its 26-week average of 26.

Urban Outfitters (URBN) is up $2.10 to $39.10 in the premarket after the retailer reported higher than expected quarter to date comp sales. Overall option implied volatility of 34 is near its 26-week average of 35.

AIG (AIG) is up $0.68 to $34.04 in the premarket after the company filed to sell 234M shares of common stock for U.S. Treasury. Overall option implied volatility of 29 is below its 26-week average of 31.

CBOE Volatility Index (VIX) closed at 16.04; 10-day moving average is 16.10, and its 50-day moving average of 16.53.

Calls with increasing volume at CBOE;

MSFT 7/20/2013 28 42K contracts
EEM 3/16/2013 46 21K
SPY 12/22/2012 144 9K
EMN 3/16/2013 62.5 7K
BAC 1/19/2013 11 5K
YHOO 1/19/2013 19 5K

SPDR S&P 500 ETF Trust (SPY) is recently up 0.59 to $143.06 in the premarket as Asian and European stocks were narrowly mixed in quiet trading. Commodities mixed