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
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