UnitedHealth (UNH) closed at $29.08 Friday, near one-year high. UnitedHealth is hosting an investor meeting on December 2. December option implied volatility is at 40; January is at 42; below its 26-week average of 48 according to Track Data, suggesting decreasing price movement.

Semiconductor Holders Trust - SMH overall volatility at 29; 26-week average is 33.

Russell 2000 - IWM overall implied volatility at 27; 26-week average is 33.

Financial Select Sector - XLF overall volatility at 34; 26-week average is 40.

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

Human Genome (NASDAQ: HGSI) closed at $19.97. HGSI's Benlysta, a lupus treatment, is expected to have phase 3 data released on November 2. HGSI November option implied volatility is at 249, December is at 170, January is at 143 and April is at 112, according to Track Data, suggesting large movement.

NASDAQ 100 (NASDAQ: QQQQ) overall implied volatility at 24; 26-week average is 28.

Semiconductor Holders Trust-SMH overall volatility at 29; 26-week average is 33.

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.

Dell (NASDAQ: DELL) closed Tuesday at $11.14. DELL is scheduled to report Q1 EPS on May 28. DELL June option implied volatility is at 55, August is at 51; versus its 26-week average of 57, according to Track Data, suggesting decreasing price movement after EPS.

Semiconductor Holders Trust (NYSE: SMH) overall volatility at 36; 26-week average is 43.

Russell 2000 (NYSE: IWM) overall implied volatility at 36; 26-week average is 45.

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

Apple (NASDAQ: AAPL) is recently down $3.53 to $91.90 in pre-open trading. Steve Jobs has pulled out of his annual address at Macworld on January 6. Oppenheimer says: "Maybe he's not feeling well, or maybe he just has nothing new to say." AAPL January option implied volatility of 69 is above its 26-week average of 56 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options - VIX at 52.36; 10-day moving average is 57.66 according to Track Data.

NASDAQ 100 - QQQQ overall implied volatility at 51; 26-week average is 46.

Semiconductor Holders Trust - SMH overall volatility at 59; 26-week average is 47.

Russell 2000 - IWM overall implied volatility at 67; 26-week average is 47.

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