Blogging Options: CBOE Morning Update

Volatility as an asset class

Linkedin (LNKD) is up $14.13 to $139.90 in the premarket on better than expected Q4 results and guidance. February call option implied volatility is at 72, March is at 45, April is at 39; compared to its 26-week average of 43.

Coinstar (CSTR) is down $4.35 to $47.35 in the premarket after lowering its Q1 outlook. Overall option implied volatility of 57 is above its 26-week average of 43.

Activision Blizzard (ATVI) is up $1 to $12.94 in the premarket on strong holiday sales of its Call of Duty Black Ops II. Overall option implied volatility of 29 is near its 26-week average of 30.

CBOE Russell 2000 Volatility Index (RVX) closed at 16.74, below its 50-day moving average of 18.36. www.cboe.com/micro/rvx/

CBOE Volatility Index (VIX) closed at 13.50, below its 10-day moving average of 13.71, and below its 50-day moving average is 15.17.

Calls with increasing volume at CBOE:

SPY 3/28/2013 154 19K
AAPL 2/8/2013 460 10K
BAC 2/8/2013 12 9K
ST 6/22/2013 35 7K

SPDR S&P 500 ETF Trust (SPY) is higher by $0.17 to 151.13 in the premarket after China and German data. European stocks slightly higher. Trade deficit dropped sharply to $38.5 B, $40 B + expected. Snow on East Coast might make for slow trading on the close.