Taking an early look at the options market, we found the following names that may be worth watching throughout the day for further indication of investor expectations given their options volume and implied volatility movement. Stocks seeing volatility buying: BGG Apr 10 puts are seeing interest ahead of the co's earnings tomorrow (10/16) before the open, with 1010 contracts trading vs. open int of 0, pushing implied vol up around 8 points to ~78%... Stocks seeing volatility selling: BEN Oct 70 calls are active with 1000 contracts trading vs. open int of 170, pushing implied vol down around 13 points to ~123% -- yesterday after the close the co confirmed its earnings release date of 10/23, which falls outside of the Oct expiration cycle; INTC, JPM and WFC implied volatilities are lower following earnings... This week is Oct expiration week -- Friday is the last day to trade Oct options... CBOE Put/Call ratio: 1.07, VIX: (59.96, +4.83, +8.8%), VXN: (64.07, +1.30, +2.1%).
Source: http://www.stockmarketfunding.com/SMF-Blogs/Stock-Upgrades---Downgrades/October-2008/CSCO-Cisco-Systems--Lazard-lowering-ests-and-tgt-t.aspx
