Volatility Index S&P 500 Options-VIX at 56.09; 10-day moving average is 61.55.
NASDAQ 100-QQQQ overall implied volatility at 52; 26-week average is 37.
Financial Select Sector-XLF overall volatility at 76; 26-week average is 46.
Best Buy (NYSE: BBY) closed at $25.59. Circuit City (NYSE: CC) filed for Chapter 11. BBY December option implied volatility of 86 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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