Qualcomm (NASDAQ: QCOM) closed at $48.33 Friday. QCOM makes chips for handsets and licenses technology to handset makers. QCOM is expected to report Q3 EPS on July 23. QCOM August option implied volatility of 44 is above its 26-week average of 38 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options-VIX at 27.19; 10-day moving average is 24.90

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

Research in Motion (NASDAQ: RIMM) is recently down $1.64 to $138.83.

RIMM is scheduled to report Q1 EPS today after the market close. RBC Capital has a Outperform rating on RIMM.

RIMM call option volume of 81,369 contracts compares to put volume of 76,284 contracts. RIMM July option implied volatility of 63 is above its 26-week average of 55 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options-VIX down 1.55 to 20.87; FOMC leaves rates unchanged at 2.00%
FOMC leaves Fed Funds rate unchanged at 2.00%.

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

Alcoa (NYSE: AA) closed at $39.12 Thursday.

AA is scheduled to report Q2 EPS on July 9.

Goldman Sach's says: "Unexpected smelter shutdown increases negative margin pressure."

AA July option implied volatility of 58 is above its 26-week average of 45 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options-VIX at 21.57; 10-day moving average is 22.44.

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

Chesapeake Energy (NYSE: CHK), the third-largest overall producer of natural gas in the U.S., is recently up $2.68 to $58.76. Bloomberg reports Natural Gas Futures are up 1.93% to 12.76. RBC Capital Markets has an Outperform rating on CHK. CHK call option volume of 52,281 contracts compares to put volume of 9,743 contracts. CHK July option implied volatility of 43 is above its 26-week average of 34 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options-VIX up 2.46 to 21.09.

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

The Volatility Index S&P 500 Options (VIX) is at 18.87; the 10-day moving average is 20.09.

Fannie Mae (NYSE: FNM) closed at $29.75. FNM is scheduled to report Q1 EPS on May 6. FNM May option implied volatility of 73 is above its 26-week average of 67 according to Track Data, suggesting larger price movement.

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

Amazon.com (NASDAQ: AMZN) closed at $74.59. AMZN is scheduled to announce Q1 EPS on April 23. AMZN May option implied volatility of 66 is above its 26-week average of 54 according to Track Data, suggesting larger price movement.

Volatility Index S&P 500 Options-VIX at 18-week lows.
VIX closed at 20.53 according to Track Data.

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