Goldman Sachs (GS) is recently down $24.39 to $160. The SEC charged Goldman Sachs with fraud relating to CDO's. GS is expected to announce Q1 EPS on April 20. Call option volume of 74,498 contracts compares to put volume of 77,029 contracts. May put option implied volatility of 50 is above a level of 27 from April 13 and above its 26-week average of 32 according to Track Data, suggesting larger price movement.

CBOE Volatility Index-VIX up 2.96 to 18.85.

Update is by Stock Specialist Paul Foster of theflyonthewall.com

CME Group, Inc. (CME) announced it has entered into a seven-year license agreement with the Chicago Board Options Exchange that will allow CME Group to list futures and options on futures for volatility indexes on a variety of asset classes. These contracts will be listed with, and subject to, the rules and regulations of the particular exchange where the products will be traded.

CBOE Volatility Index: The VIX was down 1.38 to 17.34.

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

Market Vector Gold Miners (GDX) closed at $44.64. Gold is recently up 0.19% to $1120.40. GDX overall option implied volatility of 39 is below its 26-week average of 43, according to Track Data, suggesting decreasing price movement.

Southern Copper (SCCO) closed at $30.08. Copper is recently up 1.95% to 334.80, according to Bloomberg. SCCO March option implied volatility is at 41, April and June is at 42; near its 26-week average of 43, according to Track Data, suggesting non-directional price movement.

Toyota Motor (TM) is recently trading at $72.90 in pre-open trading, below its close of $73.49. TM reported better than expected Q3 EPS, raised its outlook despite recall. February put option implied volatility is at 47, March and April puts are at 42,versus its 26-week average of 29, according to Track Data, suggesting larger near term price movement.

CBOE Volatility Index (VIX) at 21.60; 10-day moving average is 23.67, 50-day is 21.17.

NASDAQ 100 (QQQQ) overall implied volatility at 22; 26-week average is 25.

Russell 2000 (IWM) overall implied volatility at 25; 26-week average is 29.

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

Apple (AAPL) closed at $207.88. February put option implied volatility decreased on improved clarity after iPad introduction and is at 33, April at 35, July at 37; near its six-month average of 37, according to Track Data, suggesting decreasing near-term price movement.

Baidu (BIDU) closed at $424.36. BIDU is expected to report Q4 EPS in mid-February. February put option implied volatility is at 44, March is at 45, versus its 26-week average of 45, according to Track Data, suggesting non-directional price fluctuations.

CBOE Volatility Index (VIX) at 23.13; 10-day moving average is 21.23, 50-day is 21.15

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

CBOE Volatility Index (VIX) is at 27.30; 10-day moving average is 19.31, 50-day is 21.09.

Financial Select Sector (XLF) overall volatility is at 29; 26-week average is 30.

ISE Sentiment Index-(ISEE) closed at 98 on Jan. 22, 2010. ISEE 10-day moving average is 126.

Three stocks with IV rise on January 21; UltraShort S&P 500 Proshares (SDS) +10%, UltraShort Financials (SKF) +12%, Ultra S&P 500 (SSO) +9%, according to IVolatility.

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

CBOE Volatility Index: VIX was up 5.26 to 27.53; up 23%. The S&P 500 was down 1.99%.

CBOE Volatility Index: VIX 10 day-moving average was 19.32, 50-day moving average 21.09, according to Track Data.

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

Micron (MU) is scheduled to report Q1 EPS today. Micron is hosting a 2010 Winter Analyst conference on February 11. January option implied volatility is at 57; April is at 58; below its 26-week average of 64, according to Track Data, indicating decreasing price movement.

CBOE Volatility Index (VIX) at 20.49; 10-day moving average is 21.81.

Three stocks with IV rise on December 21; Teva (TEVA) +2%, Amgen (AMGN) +2%, Yellow Roadway (YRCW) +5%, according to IVolatility.

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

Sun Microsystems (NASDAQ: JAVA) closed at $8.18. Oracle's (NASDAQ: ORCL) announced in April it was paying $9.50 in cash per share for JAVA. JAVA November option implied volatility is at 57, December is at 57, January is at 59, above its 21-week average of 19, according to Track Data, suggesting larger price movement.

CBOE Volatility Index-VIX at 27.90; 10-day moving average is 22.77.

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

Apollo Group (NASDAQ: APOL) was recently trading at $58.52 in after market trading, below its close of $72.97. APOL announced an informal inquiry into its revenue recognition practices. APOL November option implied volatility went out at 52, December at 45; verses its 26-week average of 49, according to Track Data, suggesting non-directional price movement.

CBOE Volatility Index: VIX was up 64 cents to 24.96.

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