Adobe Systems, Incorporated (ADBE) closed up $3.55 to $32.86 after Apple, Inc. (AAPL) eased restrictions on development tools for iOS operating system. ADBE September put option implied volatility is at 33, October is at 36, January is at 36. This is near its 26-week average, according to Track Data, suggesting non-directional price movement. CBOE Volatility Index Futures: September is recently down 30 cents to $23.35, October down 50 cents to $27.35, November down 40 cents to $28.70.
Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.
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