Options Update: Apple volatility elevated; Steve Jobs will not address Macworld

Posted Dec 17th 2008 8:35AM by Paul Foster
Filed under: Apple Inc (AAPL), Options

Apple (NASDAQ: AAPL) is recently down $3.53 to $91.90 in pre-open trading. Steve Jobs has pulled out of his annual address at Macworld on January 6. Oppenheimer says: "Maybe he's not feeling well, or maybe he just has nothing new to say." AAPL January option implied volatility of 69 is above its 26-week average of 56 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options - VIX at 52.36; 10-day moving average is 57.66 according to Track Data.

NASDAQ 100 - QQQQ overall implied volatility at 51; 26-week average is 46.

Semiconductor Holders Trust - SMH overall volatility at 59; 26-week average is 47.

Russell 2000 - IWM overall implied volatility at 67; 26-week average is 47.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Tags: aapl, Macworld, NASDAQ 100-QQQQ, Nasdaq100-qqqq, option implied volatility, OptionImpliedVolatility, Russell 2000-IWM, Russell2000-iwm, Semiconductor Holders Trust-SMH, SemiconductorHoldersTrust-smh, Steve Jobs, SteveJobs, Volatility Index SP 500 Options-VIX, VolatilityIndexSp500Options-vix