iShares Trust FTSE/Xinhua China 25 Fund (FXI) closed at $41.35. Chinese CPI rose 2.7% in February. Overall option implied volatility of 26 is below its 26-week average of 32, according to Track Data, suggesting decreasing price movement.

Devon Energy (DVN) closed at $72.04. DVN entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0B. WTI Crude oil futures are recently up 0.58% to $82.59, according to Bloomberg. April option implied volatility is at 29, July is at 32, October is at 34; below its 26-week average of 34, according to Track Data, suggesting decreasing near term price movement.

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

iShares Trust FTSE/Xinhua China 25 Fund (FXI) is recently up 17cents to $39.20. FXI is an index fund that seeks investment results that correspond generally to the price and yield performance of the FTSE/Xinhua China 25 Index. March at the money call option implied volatility is at 29, puts at 32. March 42 call volatility is at 27, March 36 puts are at 37. May calls are at 30, puts are at 32, versus its 26-week average of 34, according to Track Data.

Honeywel (HON) closed at $40.22. HON is hosting its Annual Investor Conference on February 22. March put option implied volatility is at 27, June is at 28, September is at 30, near its 26-week average according to Track Data, suggesting non-directional price movement

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

iShares Trust FTSE/Xinhua China 25 Fund (FXI) closed at $38.42. FXI is an index fund that seeks investment results that correspond generally to the price and yield performance of the FTSE/Xinhua China 25 Index. February put option implied volatility is at 37, March puts are at 39, May puts are at 38, versus its 26-week average of 34 according to Track Data, suggesting larger price movement in March.

CBOE Volatility Index (VIX) at 26.07; 10-day moving average is 24.05, 50-day is 21.25.

Nikkei 225 recently down 2.89%. DAX 30 recently down 1.51%, according to Bloomberg.

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

iShares Trust FTSE/Xinhua China 25 Fund (FXI) closed at $42.48. FXI is an index fund that seeks investment results that correspond generally to the price and yield performance of the FTSE/Xinhua China 25 Index. FXI February put option implied volatility is at 34, May puts are at 33; near its 26-week average, according to Track Data, suggesting non-directional price movement.

Yahoo (YHOO) closed at $16.90. YHOO is expected to report Q4 EPS on January 26. YHOO February option implied volatility is at 32; April is at 29, below its 26-week average of 40, according to Track Data, suggesting decreasing price movement.

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

Kraft Foods (NYSE: KFT) is expected to report Q3 EPS on November 3. KFT's $16.7 billion bid for Cadbury PLC (NYSE: CBY) was rejected by CBY in September. KFT faces a November 9 deadline set by the U.K. Takeover Panel to make a formal offer for CBY. KFT November option implied volatility is at 25, December is at 24; versus its 26-week average of 25, according to Track Data, suggesting non-directional price movement.

iShares Trust FTSE/Xinhua China 25 Fund (NYSE: FXI) is recently up $1.30 to $43 in pre-open trading. FXI is an index fund that seeks investment results that correspond generally to the price and yield performance of the FTSE/Xinhua China 25 Index. FXI overall option implied volatility of 38 is near its 26-week average according to Track Data, suggesting non-directional price movement.

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

Terex (NYSE: TEX) closed at $13.66. TEX is expected to report Q2 EPS on July 23. TEX August option implied volatility is at 67, September is at 65; below its 26-week average of 86, according to Track Data, suggesting decreasing price movement.

iShares Trust FTSE/Xinhua China 25 Fund (NYSE: FXE), an index fund that seeks investment results that correspond generally to the price and yield performance of the FTSE/Xinhua China 25 Index, closed at $40.72. FXI August and September option implied volatility of 37 is below its 26-week average of 55, according to Track Data, suggesting decreasing price movement.

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