CBOE Volatility Index S&P 500 Options-VIX closed at 21.71; 10-day moving average is 24.37.

Biogen Idec (NASDAQ: BIIB) closed at $49.79. BIIB is expected to report Q3 EPS on October 20 and give avonex outlook. BIIB November and January option implied volatility of 36 is near its 26-week average of 39 according to Track Data, suggesting non-directional price movement.

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

The Securities and Exchange Commission charged an employee of Perot Systems (NYSE: PER) with insider trading related to Dell's (NASDAQ: DELL) proposed acquisition of PER. PER options were active on elevated volatility preceding the announcement of the $3.9 billion deal.

CBOE Volatility Index S&P 500 Options - VIX at 23.48; 10-day moving average is 23.68.

CBOE Volatility Index NASDAQ 100VXN at 24.46; 10-day moving average is 24.61.

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

Goldcorp (NYSE: GG), a gold producer with 100% of its production unhedged, closed at $39.76. Gold is recently up .85% to $986.80 according to Bloomberg. GG September option implied volatility is at 51, October is at 50; below its 26-week average of 55, according to Track Data, suggesting decreasing price movement.

CBOE Volatility Index S&P 500 Options-VIX closed at 28.90. VIX September 27.5 straddle is priced at $4.25, September 25 straddle is priced at $7.10, November 27.5 straddle is priced at $7.50; according to Track Data.

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

News Corporation (NYSE: NWS) was recently up 21 cents to $12.98. NWS is the owner of the Dow Jones Indexes, and is shopping the business to buyers, reports the WSJ. NWS September option implied volatility was at 43, October at 45; below its 26-week average of 54, according to Track Data, suggesting decreasing price movement.

CBOE Volatility Index S&P 500 Options: The VIX was down .25 to $24.84; The S&P 500 Index up 2.02%

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

Options contract percentage totals by exchange for July 31, 2009:

AMEX 8.49%, BOX 4.40%, CBOE 30.67%, ISE 29.08%, NASDAQ 2.70%, NYSE 9.94%, PHLX 14.72%.

CBOE Volatility Index S&P 500 Options-VIX at 25.55; 10-day moving average is 27.96.

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

CBOE Volatility Index S&P 500 Options-VIX at 25.88; 10-day moving average is 28.13.

CBOE Volatility Index NASDAQ 100-VXN at 25.28; 10-day moving average is 28.37.

NASDAQ 100-QQQQ overall implied volatility at 26; 26-week average is 33.

Semiconductor Holders Trust-SMH overall volatility at 31; 26-week average is 40.

Russell 2000-IWM overall implied volatility at 30; 26-week average is 42.

Financial Select Sector-XLF overall volatility at 44; 26-week average is 61.

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

Intel (NASDAQ: INTC) is recently up $1.08 to $18.10 in pre-open trading. Needham says "Blow through expectations with strong margins; reiterate Buy and raise PT to $21." INTC reported better than expected Q2 EPS. July 18 straddle is priced at $1.33; August 18 is priced at $1.79. INTC August option implied volatility is at 36; below its 26-week average of 49, according to Track Data suggesting decreasing price movement after EPS.

CBOE Volatility Index S&P 500 Options VIX closed down 1.26 to 25.05, near a ten-month low.

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

Berkshire Hathaway B-shares (NYSE: BRK.B - option symbol BVQ) closed at $2,829. The Chicago Board Option Exchange listed options on BRK/B with initial strike prices of 2,800, 2,900, 3,000 and 3,100. BRK/B historic volatility is at 21 according to Bloomberg.

CBOE Volatility Index S&P 500 Options-(VIX) at 30.03; 10-day moving average is 29.74.

June front-month equity options expire, today, June 19.

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

Dendreon (NYSE: DNDN) was halted at $7.30. DNDN is reporting top-line data from the ongoing Phase 3 IMPACT (Immunotherapy for Prostate AdenoCarcinoma Treatment) this morning. DNDN April 7 straddle is priced at $1.87, May 7 straddle is priced at $6.60 according to Track Data, suggesting large price movement.

NASDAQ 100 (NASDAQ:QQQQ) overall implied volatility at 36; 26-week average is 43. CBOE Volatility Index S&P 500 Options-VIX at 37.81; 10-day moving average is 40.82.

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