iShares NASDAQ Biotechnology Index (IBB) closed at $87.75. IBB March and April put implied volatility is at 21; versus its 26-week average of 22, according to Track Data, suggesting non-directional price movement.

Starbucks (SBUX) closed at $22.92. SBUX March put option implied volatility is at 24, April is at 27, July is at 31; below its 26-week average of 36, according to Track Data, suggesting decreasing price movement.

IVX Volatility Monitor: CBOE DJ Industrial Average Index (DJX) closed at 14.8, NASDAQ-100 (NDX) closed at 16.7, PowerShares Nasdaq 100 (QQQQ) closed at 17.2 according to IVolatility.

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

Cadbury PLC (CBY) closed at $53.37. Cadbury, the world's second largest confectioner, rejected Kraft's (KFT) buyout bid on Nov. 9. CBY December option implied volatility is at 26, March is at 23, versus its 26-week average of 29, according to Track Data, suggesting decreasing price movement.

ishares NASDAQ Biotechnology Index (IBB) closed at $78.41. IBB December and January call volatility is at 19, puts are at 22, versus its 26-week average of 23, according to Track Data, suggesting non-directional price movement.

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