CBOE Volatility Index (VIX) up 3.50 to 20.98, above 50-day moving average of 17.83; S&P 500 recently down 1.71%.

Goldman Sachs (GS) is recently up 81c to $152.88. GS call option volume of 60,274 contracts compares to put volume of 63,724 contracts. May put option implied volatility is at 44, June is at 41; above its 26-week average of 33 according to Track Data. GS June 175 calls volatility is at 37, June 125 put volatility is at 58, suggesting traders taking positions for downside price movement.

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

Las Vegas Sands (LVS) will open portions of its Singapore Marina Bay property today. LVS is expected to report Q1 EPS on May 5. Overall option implied volatility of 62 is near its 26-week average of 63, according to Track Data, suggesting non-directional price movement.

Three stocks with IV rise on April 26: Delcath Systems (DCTH) +20%, Netflix (NFLX) +10%, USG Corp (USG) +11% according to IVolatility.

CBOE Volatility Index (VIX) closed at 17.47, above 10-day moving average of 16.59 into FOMC rate decision on April 28.

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

Cisco (CSCO) closed at $27.47. CSCO is expected to announce Q3 EPS on May 12. May and June put option implied volatility is at 21, October is at 23, below its 26-week average of 26, according to Track Data, suggesting decreasing price movement.

CME Group (CME) closed at $334.86. CME is expected to report Q1 EPS on April 29. May put option implied volatility is at 29, June is at 30, September is at 33, and December is at 35, versus its 26-week average of 32, according to Track Data, suggesting non-directional price movement.

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

Cisco (CSCO) closed at $27.32. CSCO is expected to announce Q3 EPS on May 12. May and June put option implied volatility is at 21, October is at 23, below its 26-week average of 26, according to Track Data, suggesting decreasing price movement.

CME Group (CME) closed at $337.98. CME is expected to report Q1 EPS on April 29. May put option implied volatility is at 29, June is at 30, September is at 33, and December is at 35, versus its 26-week average of 32, according to Track Data, suggesting non-directional price movement.

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

CenturyLink (CTL) and Qwest Communications (Q) announced that their boards of directors have approved a definitive agreement under which CenturyLink will acquire Qwest in a tax-free, stock-for-stock transaction. Under the terms of the agreement, Qwest shareholders will receive 0.1664 CenturyLink shares for each share of Qwest common stock they own at closing. Q overall option implied volatility of 31 is below 26-week average of 40, according to Track Data, suggesting decreasing price movement.

Goldman Sachs (GS) closed at $158.93. GS overall option implied volatility of 35 is near its 26-week average of 33, according to Track Data, suggesting non-directional price movement.

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

Exxon Mobil (XOM) closed at $68.23. XOM is expected to report Q1 EPS on April 29. Crude oil futures are recently up 1.34% to $82.54 according to Bloomberg. Overall option implied volatility is at 21; versus its 26-week average of 22, according to Track Data, suggesting non-directional price movement.

Berkshire Hathaway (BRK.B) closed at $78.72. BRK.B annual shareholder meeting is on May 1st. BRK.B overall option implied volatility of 27 is above its 26-week average of 23 according to Track Data, suggesting larger price movement.

Update is by Stock Specialist Paul Foster of theflyonthewall.com

SPDR Gold Trust (GLD) recently down 79 cents to $110.43 in pre-open trading. Gold is recently down 0.81% to $1127.70. GLD overall option implied volatility of 20 is near its 26-week average of 22, according to Track Data, suggesting non-directional price movement.

Morgan Stanley (MS) closed at $29.16. The SEC charged Goldman Sachs (GS) with fraud relating to CDOs. MS is scheduled to report Q1 EPS on April 21. Overall option implied volatility is at 36, versus its 26-week average of 35, according to Track Data.

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

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

MSCI Emerging Markets Index (EEM) closed at $43.74. EEM overall option implied volatility of 24 is below its 26-week average of 30 according to Track Data, suggesting decreasing price movement.

Citigroup (C) closed at $4.81. C is expected to report Q1 EPS on April 19. May option implied volatility of 47, June is at 45; below its 26-week average of 52, according to Track Data, suggesting decreasing price movement.

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

Sunoco (SUN) closed at $30.34. WTI crude futures are recently up 1.12% to $84.99, according to Bloomberg. May option implied volatility is at 36, August is at 37, below its 26-week average of 41, according to Track Data, suggesting decreasing price movement.

ISE Sentiment Index-ISEE closed at 78 on 4/13/10. ISEE 10-day moving average is 128.

Three stocks with IV rise on April 13; Avon (AVP) +5%, Popular Inc (BPOP) +9%, Ambac Financial Group (ABK) +19%, according to IVolatility.

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

CBOE Volatility Index (VIX) closed at 15.57; its 10-day moving average is 16.78, 50-day is 19.54, 200-day moving average is 22.78, according to Track Data.

Best Buy (BBY) closed at $44.95. BBY options were active on 778,835 contracts, according to Track Data, above its average volume of 198,000 contracts, according to IVolatility. May put option implied volatility is at 26, June is at 30, September is at 31, versus its 26-week average of 34, according to Track Data, suggesting decreasing price movement.

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

Apple (AAPL) closed at $242.02 on Friday. On April 8, AAPL announced its new iAd platform for its mobile devices. AAPL is expected to announce Q2 EPS on April 20. May and July is at 32; verses its 26-week average of 33 contracts according to Track Data, suggesting non-directional price movement.

DryShips (DRYS) closed at $6.56. DRYS April put option implied volatility is at 65, June is at 59, September is at 57; below its 26-week average of 74. Options were active on April 9th with 115,489 contracts trading according to Track Data. Average daily volume is 56K contracts according to IVolatility.

Update is by Stock Specialist Paul Foster of theflyonthewall.com

US Airways (LCC) rallied 10% to close at $7.55 on reports of merger talks with United Airlines (UAUA). LCC is expected to report Q1 EPS in late April. WTI Crude futures are recently up 1.01% to $86.25, according to Bloomberg. Overall option implied volatility is below its 26-week average of 89, according to Track Data, suggesting decreasing price movement.

UAL Corp (UAUA) rallied 6% to close at $20.23. UAUA overall option implied volatility of 60 is below its 26-week average of 79, according to Track Data, suggesting decreasing price movement.

Three stocks with IV rise on April 8; Eastman Kodak (EK) +15%, Brodcade (BRCD) +4%, MGM-Mirage (MGM) +2% according to IVolatility.

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

Royal Dutch Shell (RDS.A) closed at $59.62. Crude futures are recently down 0.78% to $85.21 according to Bloomberg. RDS.A over all option implied volatility of 20 is below its 26-week average of 23, according to Track Data, suggesting decreasing price fluctuations.

DJ US Real Estate Index Fund (IYR) closed at $50.96. IYR overall option implied volatility of 23 is below its 26-week average of 31, according to Track Data suggesting decreasing price movement.

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

Amazon (AMZN) closed at $135.56. AMZN is expected to report EPS on April 22. AMZN options were active with 84,149 options trading on April 6. April put option implied volatility of 33, May is at 42, July is at 38, versus near its 26-week average of 42, according to Track Data, suggesting decreasing near-term price movement.

TiVo (TIVO) closed at $17.54. TIVO overall option implied volatility of 56 is below its 26-week average of 79, according to Track Data, suggesting decreasing price movement.

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