Largest Weekly Option Sentiment Changes for S&P 500 Companies

The following table shows the largest weekly changes in the 90%-110% skew spread, a measure of how expensive puts, or bearish bets, are relative to calls. The data was calculated using 30-day implied volatility of S&P 500 companies. The stocks in the screen had a daily average of more than 500 contracts trading in the past 20 days and an open interest of more than 10,000 options, according to data as of May 17 compiled by Bloomberg. To see the skew data from the Bloomberg Function: {IBM US <EQUITY> GV <GO>}, or use the attached screen for selections {97 <GO>}.

Biggest Weekly Skew Gains
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
WINDSTREAM CORP       25.02    20.35    45.02     4.67    -1.87       6.55
WASTE MANAGEMENT      23.45    13.51    72.91     9.94     3.47       6.48
HCP INC               21.69    13.60    87.25     8.09     2.98       5.11
CINTAS CORP           21.41    13.33    80.48     8.09     3.15       4.94
CHEVRON CORP          21.68    12.86    32.67     8.82     5.13       3.69
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
WYNDHAM WORLDWID      27.88    20.85    30.28     7.03     3.43       3.61
WALGREEN CO           30.53    19.32    86.85    11.20     7.68       3.53
PLUM CREEK TIMBR      21.30    13.29    30.68     8.00     4.48       3.52
HESS CORP             28.73    26.10    11.55     2.63    -0.64       3.28
HUNTINGTON BANC       24.67    18.00    63.35     6.67     3.48       3.19

Biggest Weekly Skew Drops
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
ANADARKO PETROLE      29.23    39.35     0.00   -10.12     3.30     -13.42
LIFE TECHNOLOGIE       7.30     7.30     7.97     0.00     9.64      -9.64
DELL INC              25.46    19.05    60.96     6.41    14.95      -8.54
CABLEVISION SY-A      25.11    32.66     0.00    -7.55    -2.08      -5.48
SYSCO CORP            15.58    11.16    24.30     4.42     9.58      -5.16
REGENERON PHARM       37.83    40.87     0.40    -3.03     1.47      -4.50
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
REYNOLDS AMERICA      18.92    13.10    17.53     5.82     9.79      -3.97
RED HAT INC           34.41    36.69     1.20    -2.28     1.63      -3.91
TYSON FOODS-A         23.72    20.24     6.38     3.48     7.23      -3.75
MOTOROLA SOLUTIO      24.77    23.74     0.00     1.03     4.63      -3.60

S&P 500 Skew Changes, Ranked from Biggest Gains to Drops
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
WINDSTREAM CORP       25.02    20.35    45.02     4.67    -1.87       6.55
WASTE MANAGEMENT      23.45    13.51    72.91     9.94     3.47       6.48
HCP INC               21.69    13.60    87.25     8.09     2.98       5.11
CINTAS CORP           21.41    13.33    80.48     8.09     3.15       4.94
CHEVRON CORP          21.68    12.86    32.67     8.82     5.13       3.69
WYNDHAM WORLDWID      27.88    20.85    30.28     7.03     3.43       3.61
WALGREEN CO           30.53    19.32    86.85    11.20     7.68       3.53
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
PLUM CREEK TIMBR      21.30    13.29    30.68     8.00     4.48       3.52
HESS CORP             28.73    26.10    11.55     2.63    -0.64       3.28
HUNTINGTON BANC       24.67    18.00    63.35     6.67     3.48       3.19
ELI LILLY & CO        23.23    15.55    80.88     7.68     4.51       3.17
VENTAS INC            18.65    12.33    64.54     6.32     3.21       3.11
GOODYEAR TIRE         38.69    35.15    12.35     3.54     0.55       2.99
QEP RESOURCES IN      38.73    33.76    81.28     4.98     2.02       2.96
KINDER MORGAN IN      23.05    14.36    95.62     8.69     5.90       2.79
WEYERHAEUSER CO       30.61    21.55    84.06     9.06     6.32       2.74
CENTERPOINT ENER      21.61    17.62    87.65     3.98     1.41       2.58
AUTOMATIC DATA        21.18    10.94    77.29    10.23     7.75       2.48
MICROSOFT CORP        24.71    16.94    93.63     7.77     5.38       2.39
DU PONT (EI)          23.33    17.18     8.77     6.15     3.78       2.37
AMERICAN TOWER C      27.08    16.53    53.39    10.55     8.19       2.36
SCHWAB (CHARLES)      30.19    22.49    84.06     7.69     5.39       2.31
NEXTERA ENERGY        19.66    11.04    56.57     8.62     6.33       2.28
ADV MICRO DEVICE      66.25    65.15    36.65     1.11    -1.16       2.26
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
HONEYWELL INTL        22.50    14.54    16.34     7.97     5.73       2.23
YUM! BRANDS INC       26.74    18.31    80.48     8.43     6.20       2.23
TESORO CORP           39.99    38.91     4.78     1.07    -1.11       2.18
PROLOGIS INC          23.40    14.09    49.00     9.31     7.18       2.13
HASBRO INC            24.09    16.99    87.25     7.09     5.00       2.09
ALCOA INC             24.77    21.75    38.65     3.02     0.97       2.05
DISCOVER FINANCI      27.21    19.78    56.97     7.44     5.38       2.05
COLGATE-PALMOLIV      29.17    15.79    90.44    13.38    11.34       2.04
AMERISOURCEBERGE      21.66    16.75    19.12     4.91     2.88       2.03
SIMON PROPERTY        20.51    13.57     5.18     6.95     4.91       2.03
CELGENE CORP          36.83    32.62    32.67     4.21     2.19       2.02
MCKESSON CORP         24.38    15.57    78.09     8.80     6.79       2.01
TRAVELERS COS IN      20.71    11.94    56.97     8.77     6.78       1.99
PRUDENTL FINL         29.20    21.68    54.18     7.52     5.55       1.97
ALLEGHENY TECH        36.68    31.66    20.72     5.02     3.05       1.97
HERSHEY CO/THE        21.54    14.70    45.02     6.84     4.89       1.94
BMC SOFTWARE INC       6.11    10.17     0.40    -4.06    -5.97       1.90
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
ACE LTD               21.49    12.04    42.23     9.45     7.56       1.90
UNITED TECH CORP      21.46    13.89     8.77     7.57     5.70       1.87
AVON PRODUCTS         28.35    22.66    90.84     5.69     3.84       1.86
JOHNSON&JOHNSON       21.07    14.41    69.72     6.67     4.84       1.82
TJX COS INC           26.50    17.92    76.49     8.58     6.79       1.80
STRYKER CORP          22.36    13.55    80.88     8.80     7.02       1.78
COMPUTER SCIENCE      29.12    22.26    70.52     6.86     5.10       1.76
EXXON MOBIL CORP      23.72    13.57    59.76    10.15     8.40       1.75
TEXAS INSTRUMENT      25.50    17.94    28.69     7.57     5.86       1.70
ARCHER-DANIELS        27.00    21.86    50.60     5.14     3.47       1.66
EMERSON ELEC CO       25.26    15.83    32.67     9.42     7.79       1.64
BOSTON SCIENTIFC      33.81    30.88    46.22     2.93     1.30       1.63
PROCTER & GAMBLE      25.50    14.55    76.49    10.95     9.34       1.61
THERMO FISHER         26.09    18.83    45.82     7.26     5.65       1.60
TENET HEALTHCARE      39.52    33.01    64.40     6.51     4.94       1.57
LYONDELLBASELL-A      32.15    24.47    51.00     7.68     6.12       1.56
F5 NETWORKS           34.73    32.23    11.55     2.50     0.96       1.55
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
COACH INC             26.71    20.50    60.56     6.21     4.68       1.53
INTERPUBLIC GRP       23.32    21.41    59.76     1.92     0.39       1.53
PRECISION CASTPT      24.40    17.35    16.34     7.05     5.53       1.53
DOW CHEMICAL CO       28.00    19.38    58.96     8.62     7.10       1.52
APPLE INC             30.04    26.57    49.80     3.47     1.96       1.50
MASTERCARD INC-A      24.05    16.11    75.30     7.95     6.44       1.50
NEWS CORP-A           26.07    19.83    50.60     6.24     4.75       1.49
DARDEN RESTAURAN      26.33    19.48    53.39     6.85     5.37       1.48
INTEL CORP            24.80    18.44    65.34     6.36     4.89       1.47
US BANCORP            22.44    11.77    57.77    10.66     9.23       1.43
WPX ENERGY            40.20    37.33    39.84     2.86     1.50       1.37
PPL CORPORATION       16.27    13.46    52.19     2.81     1.44       1.36
SUNTRUST BANKS        26.17    18.10    22.31     8.06     6.70       1.36
URBAN OUTFITTER       40.01    33.48    45.02     6.53     5.17       1.36
ADT CORP/THE          31.30    26.18    88.46     5.11     3.77       1.35
COMCAST CORP-A        24.27    18.33     5.58     5.94     4.60       1.33
QUEST DIAGNOSTIC      20.73    18.39    38.25     2.35     1.01       1.33
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
MOODY’S CORP          32.02    24.43    29.48     7.59     6.26       1.33
CH ROBINSON           24.43    18.38    17.93     6.05     4.73       1.31
CARNIVAL CORP         28.01    21.36    25.50     6.65     5.34       1.31
MEAD JOHNSON          25.41    21.38    34.66     4.02     2.72       1.31
EMC CORP/MA           27.49    22.30    21.51     5.20     3.91       1.29
ALTRIA GROUP INC      21.01    12.70    52.19     8.31     7.02       1.28
WELLPOINT INC         25.86    18.12    94.02     7.74     6.47       1.27
NASDAQ OMX GROUP      26.72    24.85    23.11     1.87     0.60       1.27
CLOROX CO             20.47    12.94    59.36     7.53     6.27       1.26
KLA-TENCOR CORP       29.25    24.49    14.34     4.77     3.51       1.26
EQT CORP              29.23    22.33    41.04     6.90     5.66       1.24
BIOGEN IDEC INC       35.80    31.53    34.66     4.27     3.06       1.21
PITNEY BOWES INC      32.34    25.81    30.68     6.53     5.32       1.20
AMGEN INC             26.95    24.11     7.17     2.84     1.64       1.20
PACCAR INC            26.92    20.09     5.58     6.83     5.65       1.17
HELMERICH & PAYN      31.10    24.54    64.94     6.56     5.39       1.17
CONSTELLATION-A       31.21    26.94    26.30     4.26     3.11       1.15
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
DOLLAR TREE INC       31.75    27.33    56.97     4.41     3.28       1.14
MCDONALDS CORP        19.90    14.96    29.48     4.95     3.82       1.13
CONAGRA FOODS         22.91    14.05    86.06     8.87     7.75       1.12
ACTAVIS INC           38.84    34.55    16.73     4.29     3.18       1.11
LINEAR TECH CORP      23.20    17.05    15.54     6.15     5.05       1.09
NOBLE ENERGY INC      28.38    21.99    14.34     6.39     5.30       1.09
DUKE ENERGY CORP      19.77    11.61    87.20     8.16     7.07       1.09
CAPITAL ONE FINA      27.97    20.82    36.26     7.15     6.07       1.08
PPG INDS INC          28.07    18.68    20.72     9.38     8.30       1.08
WALT DISNEY CO        24.01    18.94     9.96     5.07     3.99       1.08
GENERAL ELECTRIC      21.57    14.60    31.08     6.97     5.90       1.07
SHERWIN-WILLIAMS      25.48    17.62    34.26     7.86     6.80       1.05
SAIC INC              27.63    22.55    86.06     5.08     4.03       1.04
PHILIP MORRIS IN      21.70    12.34    83.67     9.36     8.32       1.04
GENERAL DYNAMICS      25.00    15.83    47.01     9.17     8.14       1.03
O’REILLY AUTOMOT      23.83    16.76    96.81     7.06     6.03       1.03
ACCENTURE PLC-A       22.89    14.63    37.05     8.26     7.23       1.03
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
BRISTOL-MYER SQB      29.37    22.27    29.48     7.10     6.07       1.03
STARBUCKS CORP        23.73    17.45    60.56     6.28     5.26       1.02
CROWN CASTLE INT      24.11    19.04    19.12     5.07     4.06       1.01
BEAM INC              24.59    21.90    44.62     2.70     1.68       1.01
AMERICAN INTERNA      28.90    24.37    44.40     4.53     3.54       0.99
BERKSHIRE HATH-B      22.71    13.47    70.92     9.24     8.26       0.99
PIONEER NATURAL       33.02    27.74    63.35     5.29     4.30       0.98
MARRIOTT INTL-A       24.68    16.73    23.51     7.96     6.97       0.98
ALLERGAN INC          26.96    21.14    26.30     5.82     4.84       0.98
AT&T INC              20.64    14.57     6.77     6.06     5.09       0.98
MONDELEZ INTER-A      34.77    23.00    87.20    11.77    10.82       0.96
ABBOTT LABS           23.76    16.81    38.40     6.95     6.00       0.95
ALLSTATE CORP         21.74    14.84    28.29     6.90     5.95       0.95
FAMILY DOLLAR ST      24.44    21.92    27.09     2.52     1.59       0.94
CONOCOPHILLIPS        22.74    15.63    25.90     7.11     6.18       0.93
AMERICAN EXPRESS      23.92    17.09    20.32     6.83     5.91       0.93
IBM                   21.32    14.77    40.64     6.55     5.62       0.92
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
PRAXAIR INC           22.93    12.16    70.92    10.77     9.85       0.91
ALEXION PHARM         34.13    29.26    56.18     4.86     3.98       0.89
VULCAN MATERIALS      30.75    24.11    22.71     6.64     5.75       0.89
RAYTHEON CO           21.71    13.45    47.81     8.25     7.40       0.85
AVALONBAY COMMUN      21.58    12.41    60.16     9.16     8.31       0.85
MICRON TECH           45.82    42.53    64.94     3.28     2.45       0.84
IRON MOUNTAIN         28.29    21.02    86.80     7.27     6.43       0.83
AGILENT TECH INC      28.99    22.09    12.35     6.90     6.08       0.82
RYDER SYSTEM INC      29.16    23.72    14.74     5.44     4.63       0.81
INTUITIVE SURGIC      32.00    24.74    90.44     7.27     6.46       0.81
CONSOL ENERGY         37.78    30.90    49.40     6.88     6.08       0.80
MARATHON OIL          28.90    22.02    15.94     6.88     6.09       0.79
KROGER CO             27.90    21.28    80.08     6.62     5.84       0.78
SOUTHERN CO           20.23    10.52    52.99     9.71     8.93       0.78
NORFOLK SOUTHERN      24.11    16.11    57.77     7.99     7.22       0.78
EXELON CORP           21.24    14.34    74.10     6.89     6.12       0.77
DOLLAR GENERAL C      30.15    27.34    24.30     2.80     2.04       0.77
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
CORNING INC           25.13    21.44    14.74     3.69     2.94       0.76
BROADCOM CORP-A       25.59    19.58    34.26     6.01     5.26       0.76
METLIFE INC           27.64    21.51    55.38     6.13     5.39       0.74
EQUITY RESIDENTI      18.35    13.59     9.96     4.76     4.03       0.73
NIKE INC -CL B        23.78    17.98    12.35     5.80     5.08       0.72
KIMBERLY-CLARK        26.36    14.47    77.29    11.89    11.18       0.71
APACHE CORP           26.73    21.88    30.68     4.85     4.14       0.71
BAXTER INTL INC       21.17    16.93    35.06     4.25     3.54       0.71
DR HORTON INC         34.74    29.45    38.65     5.28     4.61       0.67
DAVITA HEALTHCAR      25.49    18.76    17.93     6.73     6.07       0.66
ST JUDE MEDICAL       25.54    19.42    26.69     6.12     5.46       0.66
VIACOM INC-B          25.82    21.05    14.34     4.77     4.11       0.66
XILINX INC            24.17    18.82     2.79     5.35     4.70       0.65
PULTEGROUP INC        39.29    34.42    21.51     4.87     4.24       0.64
BANK NY MELLON        25.94    17.83    13.94     8.11     7.48       0.63
QUALCOMM INC          20.68    16.21     4.38     4.47     3.84       0.63
STANLEY BLACK &       24.75    16.95    23.90     7.80     7.18       0.62
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
HEWLETT-PACKARD       45.50    41.64    17.93     3.87     3.26       0.61
BED BATH &BEYOND      24.96    19.16    63.75     5.81     5.20       0.61
AUTOZONE INC          29.44    23.09    27.49     6.35     5.75       0.60
BB&T CORP             23.50    13.28    63.75    10.22     9.63       0.59
NRG ENERGY            26.90    21.51    39.44     5.39     4.81       0.58
EASTMAN CHEMICAL      30.01    23.45     9.56     6.56     5.98       0.58
WHOLE FOODS MKT       25.23    20.21    37.85     5.02     4.44       0.58
LENNAR CORP-A         33.68    29.36    12.35     4.32     3.76       0.56
ANALOG DEVICES        25.30    18.45    20.32     6.85     6.31       0.54
UNION PAC CORP        23.68    16.51    16.73     7.17     6.64       0.53
AMAZON.COM INC        29.06    23.93     8.77     5.12     4.61       0.51
KOHLS CORP            26.01    21.70    19.12     4.31     3.80       0.51
WAL-MART STORES       20.17    12.16    67.33     8.01     7.50       0.51
BOEING CO/THE         26.60    19.39    31.08     7.21     6.70       0.50
CONS EDISON INC       14.24    10.48    35.46     3.76     3.26       0.50
CABOT OIL & GAS       35.16    30.54    71.71     4.61     4.12       0.49
JABIL CIRCUIT         32.41    29.10    13.15     3.31     2.82       0.48
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
ALTERA CORP           29.09    24.35     9.16     4.74     4.27       0.48
TARGET CORP           23.33    16.72    12.35     6.61     6.14       0.47
KELLOGG CO            18.79    10.81    95.22     7.98     7.51       0.47
BAKER HUGHES INC      29.81    21.73    51.79     8.07     7.62       0.46
AFLAC INC             27.68    19.68    15.54     8.01     7.56       0.45
CARMAX INC            35.26    29.70    31.47     5.56     5.11       0.45
HARTFORD FINL SV      32.14    24.46    63.75     7.68     7.23       0.44
MONSANTO CO           24.86    17.93    46.61     6.93     6.49       0.44
CARDINAL HEALTH       21.14    13.03    60.16     8.11     7.67       0.44
NATL OILWELL VAR      27.86    22.49    30.68     5.37     4.95       0.42
CA INC                22.19    15.18    57.37     7.01     6.59       0.42
COGNIZANT TECH-A      31.99    27.51     5.58     4.48     4.07       0.41
WHIRLPOOL CORP        31.08    26.09    39.84     4.99     4.58       0.40
STAPLES INC           39.74    36.28    51.79     3.45     3.05       0.40
LOCKHEED MARTIN       22.03    13.08    29.48     8.95     8.55       0.40
MONSTER BEVERAGE      38.96    33.83    27.89     5.13     4.73       0.40
TIME WARNER CABL      21.26    14.39    37.05     6.87     6.48       0.39
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
MASCO CORP            33.89    27.00    33.07     6.89     6.50       0.39
MATTEL INC            20.78    14.60    35.86     6.19     5.80       0.39
ILLINOIS TOOL WO      22.57    13.87    22.71     8.71     8.32       0.38
SANDISK CORP          31.51    27.95     8.77     3.56     3.18       0.38
JOHNSON CONTROLS      24.23    16.24    49.40     7.99     7.61       0.38
PVH CORP              31.20    26.06    15.14     5.14     4.76       0.38
LEGG MASON INC        29.42    21.57    61.36     7.85     7.47       0.37
CIGNA CORP            24.69    19.52    25.10     5.17     4.80       0.37
UNITED PARCEL-B       18.31    13.14    10.36     5.17     4.81       0.36
REGIONS FINANCIA      27.67    22.42    10.36     5.25     4.90       0.35
TIFFANY & CO          34.23    27.46    78.88     6.77     6.42       0.35
WILLIAMS COS INC      25.55    22.32    44.22     3.23     2.88       0.35
ENSCO PLC-CL A        27.93    23.07    12.75     4.86     4.54       0.32
CENTURYLINK INC       23.04    15.88    17.13     7.16     6.85       0.31
FIRSTENERGY CORP      21.96    15.75    69.32     6.21     5.90       0.31
MARATHON PETROLE      34.30    31.30    12.35     3.00     2.71       0.29
COCA-COLA CO/THE      20.91    13.16    58.96     7.75     7.46       0.29
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
AETNA INC             25.96    19.61    90.44     6.35     6.07       0.29
COMERICA INC          24.64    17.39    30.28     7.25     6.97       0.28
FIFTH THIRD BANC      22.80    15.29    35.46     7.51     7.23       0.28
FEDEX CORP            28.64    23.02    11.55     5.61     5.33       0.28
TYCO INTL LTD         24.98    19.31    38.80     5.67     5.39       0.27
NISOURCE INC          18.73    14.04    77.69     4.68     4.41       0.27
CITIGROUP INC         28.25    22.31    18.73     5.94     5.67       0.27
SEAGATE TECHNOLO      32.67    26.89    46.22     5.78     5.52       0.26
TEXTRON INC           31.26    25.42    17.93     5.84     5.58       0.26
PNC FINANCIAL SE      24.31    16.06    34.66     8.25     8.00       0.25
WYNN RESORTS LTD      28.29    23.45    29.88     4.83     4.59       0.25
MICROCHIP TECH        23.70    16.96    17.13     6.74     6.51       0.23
KRAFT FOODS GROU      21.89    14.20    94.23     7.69     7.46       0.23
CAMPBELL SOUP CO      23.75    18.12    63.35     5.63     5.42       0.22
TERADATA CORP         30.78    26.75    19.52     4.03     3.82       0.21
CHIPOTLE MEXICAN      28.31    22.61    28.29     5.69     5.49       0.20
ORACLE CORP           25.57    19.47     9.96     6.09     5.90       0.19
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
FOSSIL INC            31.53    25.62    63.75     5.91     5.73       0.18
NEWFIELD EXPLORA      38.28    32.08    69.32     6.19     6.03       0.17
NOBLE CORP            35.23    30.53    39.04     4.70     4.53       0.16
CBS CORP-B            31.34    27.26    13.94     4.07     3.94       0.13
GAMESTOP CORP-A       51.46    46.62    72.91     4.84     4.72       0.12
HARLEY-DAVIDSON       27.32    20.80    31.87     6.51     6.40       0.11
UNITEDHEALTH GRP      23.54    19.44     3.98     4.10     4.00       0.10
NEWMONT MINING        36.13    33.76    29.08     2.38     2.28       0.10
MURPHY OIL CORP       25.62    21.06     9.56     4.56     4.47       0.10
VERIZON COMMUNIC      20.96    15.44     7.97     5.53     5.44       0.09
FIRST SOLAR INC       56.26    55.47     9.96     0.80     0.71       0.09
BEST BUY CO INC       60.79    57.59    52.19     3.21     3.12       0.08
LOWE’S COS INC        32.62    27.00    11.16     5.62     5.55       0.07
HUMANA INC            28.22    23.77    33.47     4.45     4.38       0.07
CHUBB CORP            20.38    11.87    26.30     8.51     8.44       0.07
MORGAN STANLEY        32.61    25.23    58.96     7.37     7.32       0.05
LSI CORP              31.05    31.05    13.15     0.00     0.00       0.00
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
FRONTIER COMMUNI      25.16    25.16    12.75     0.00     0.00       0.00
ABERCROMBIE & FI      50.63    45.42    60.16     5.21     5.21       0.00
VISA INC-CLASS A      24.83    19.25    27.49     5.58     5.58       0.00
RANGE RESOURCES       32.32    29.00    50.20     3.32     3.32       0.00
NVIDIA CORP           26.35    26.11    29.08     0.24     0.26      -0.01
WESTERN DIGITAL       34.19    29.04    53.39     5.15     5.17      -0.02
WELLS FARGO & CO      22.97    14.47    52.99     8.49     8.53      -0.04
VF CORP               23.66    17.31    25.50     6.35     6.40      -0.05
FORD MOTOR CO         27.21    23.95    34.26     3.26     3.33      -0.07
RALPH LAUREN COR      33.15    27.65    22.71     5.50     5.57      -0.07
FASTENAL CO           27.14    21.09    14.34     6.05     6.13      -0.07
LINCOLN NATL CRP      32.60    25.03    27.09     7.56     7.64      -0.08
NUCOR CORP            26.57    19.67     6.77     6.89     7.00      -0.11
OWENS-ILLINOIS        30.42    25.30    43.03     5.12     5.25      -0.13
GOLDMAN SACHS GP      26.57    21.17    18.33     5.40     5.54      -0.14
DOMINION RES/VA       19.97    12.03    72.51     7.94     8.08      -0.14
STATE ST CORP         24.83    17.90     5.98     6.93     7.08      -0.15
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
PARKER HANNIFIN       24.15    17.42    13.15     6.73     6.90      -0.18
PAYCHEX INC           20.98    13.15    41.83     7.83     8.02      -0.18
SCHLUMBERGER LTD      25.81    19.72     6.77     6.10     6.30      -0.20
EXPEDIA INC           35.89    32.88     1.20     3.01     3.21      -0.21
INTERCONTINENTAL      25.19    18.51    11.95     6.68     6.93      -0.25
CSX CORP              23.34    18.37    13.94     4.97     5.22      -0.25
PRICELINE.COM         26.00    23.69     3.19     2.31     2.57      -0.27
EXPEDITORS INTL       25.51    23.43     3.19     2.07     2.35      -0.27
HOSPIRA INC           36.24    32.61    51.00     3.63     3.91      -0.28
US STEEL CORP         41.08    38.72    16.34     2.36     2.64      -0.28
INGERSOLL-RAND        25.29    20.25     4.38     5.04     5.32      -0.28
LORILLARD INC         32.01    23.01    50.60     9.00     9.29      -0.29
TIME WARNER INC       23.86    18.93     1.59     4.92     5.24      -0.31
JUNIPER NETWORKS      32.47    30.71     1.99     1.76     2.07      -0.32
CLIFFS NATURAL R      57.54    53.90     8.37     3.64     3.96      -0.32
PEABODY ENERGY        39.52    35.94     5.98     3.59     3.95      -0.36
HALLIBURTON CO        29.38    24.20    11.95     5.18     5.55      -0.37
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
LAM RESEARCH          26.85    21.91     3.98     4.93     5.31      -0.38
ROSS STORES INC       30.09    24.47    29.48     5.63     6.02      -0.40
MOSAIC CO/THE         29.31    27.52     1.59     1.78     2.18      -0.40
DEVON ENERGY CO       27.30    24.58    17.93     2.72     3.12      -0.40
AES CORP              27.57    21.79    80.08     5.78     6.18      -0.40
E*TRADE FINANCIA      32.26    28.34    44.22     3.93     4.34      -0.41
PFIZER INC            22.48    18.74     5.58     3.73     4.14      -0.41
DIRECTV               25.76    21.64    19.12     4.13     4.56      -0.43
DELPHI AUTOMOTIV      25.09    20.16    32.27     4.92     5.37      -0.45
COSTCO WHOLESALE      23.03    17.39     5.18     5.64     6.11      -0.47
PHILLIPS 66           33.37    31.38    24.70     1.99     2.46      -0.47
SOUTHWESTRN ENGY      29.22    26.61     1.99     2.61     3.10      -0.49
CERNER CORP           26.25    21.00    44.62     5.26     5.75      -0.49
INTUIT INC            29.49    23.71    20.32     5.78     6.28      -0.50
NORDSTROM INC         24.94    18.57    19.92     6.37     6.89      -0.51
MOLSON COORS-B        33.10    31.81    30.68     1.29     1.80      -0.52
EXPRESS SCRIPTS       24.73    20.43    15.94     4.30     4.82      -0.52
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
CAMERON INTERNAT      30.19    24.22    17.93     5.97     6.50      -0.53
TRIPADVISOR INC       35.30    33.09    14.74     2.21     2.74      -0.53
SPECTRA ENERG         22.11    14.98    86.06     7.13     7.67      -0.54
XEROX CORP            27.33    24.48    28.69     2.85     3.39      -0.54
MEDTRONIC INC         23.40    19.52    21.91     3.89     4.44      -0.55
SLM CORP              27.47    21.57     9.16     5.90     6.47      -0.56
GENERAL MILLS IN      20.62    14.10    11.16     6.52     7.13      -0.61
EOG RESOURCES         30.81    26.76     4.78     4.05     4.66      -0.62
STARWOOD HOTELS       26.12    19.60    42.23     6.52     7.14      -0.62
3M CO                 20.80    14.84     0.00     5.96     6.61      -0.65
JDS UNIPHASE          38.93    35.08     5.18     3.85     4.51      -0.66
H&R BLOCK INC         42.91    35.61    46.61     7.31     7.98      -0.68
APOLLO GROUP-A        46.66    43.98     8.37     2.68     3.37      -0.69
QUANTA SERVICES       27.01    23.42     1.99     3.58     4.28      -0.69
GANNETT CO            37.46    36.49     5.98     0.97     1.67      -0.70
GILEAD SCIENCES       33.32    30.48     2.39     2.84     3.55      -0.71
AKAMAI TECHNOLOG      29.21    27.46    19.92     1.75     2.47      -0.72
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
VERISIGN INC          23.41    23.02     2.39     0.39     1.12      -0.73
AIR PRODS & CHEM      20.55    14.79     3.19     5.76     6.49      -0.73
PEPSICO INC           20.18    16.27     3.19     3.91     4.64      -0.74
ADOBE SYS INC         31.73    28.10     4.78     3.63     4.38      -0.75
CVS CAREMARK COR      24.66    16.82    29.48     7.84     8.61      -0.77
INTL PAPER CO         30.61    23.93    11.55     6.68     7.46      -0.78
L BRANDS INC          30.49    24.73     7.57     5.76     6.55      -0.78
ESTEE LAUDER          32.31    20.06    95.22    12.25    13.03      -0.78
T ROWE PRICE GRP      23.19    16.33    11.16     6.86     7.64      -0.78
MERCK & CO            23.65    19.22    13.94     4.43     5.23      -0.80
ZIONS BANCORP         25.59    18.64    24.70     6.95     7.75      -0.80
CHESAPEAKE ENERG      34.13    30.44    29.48     3.68     4.49      -0.80
FLUOR CORP            26.93    22.38     0.40     4.56     5.41      -0.85
GOOGLE INC-CL A       26.48    20.59    58.96     5.88     6.75      -0.86
CUMMINS INC           27.65    22.49     7.97     5.15     6.04      -0.89
NETAPP INC            39.81    35.75    57.77     4.07     4.96      -0.90
CME GROUP INC         23.28    17.67     4.38     5.60     6.51      -0.90
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
DIAMOND OFFSHORE      25.32    17.45    38.25     7.87     8.78      -0.91
BANK OF AMERICA       29.67    24.04    78.49     5.62     6.53      -0.91
GAP INC/THE           33.68    29.80     1.59     3.88     4.79      -0.91
CISCO SYSTEMS         23.91    20.32     3.98     3.59     4.55      -0.95
JPMORGAN CHASE        26.28    19.18    37.45     7.10     8.05      -0.95
APPLIED MATERIAL      25.41    21.15     3.19     4.26     5.25      -0.99
EDISON INTL           20.81    14.76    59.36     6.05     7.07      -1.02
OCCIDENTAL PETE       25.52    23.35     0.40     2.17     3.21      -1.04
SAFEWAY INC           30.88    28.65    37.05     2.23     3.27      -1.04
VALERO ENERGY         33.67    32.52     1.20     1.15     2.22      -1.07
BLACKROCK INC         25.65    20.41     3.19     5.24     6.32      -1.08
FOREST LABS INC       27.53    23.61    76.10     3.92     5.03      -1.11
EDWARDS LIFE          30.16    29.61     2.39     0.55     1.70      -1.15
EBAY INC              26.72    22.47    11.55     4.25     5.44      -1.19
INVESCO LTD           25.23    20.86    17.13     4.37     5.65      -1.27
CATERPILLAR INC       24.49    21.11     0.00     3.38     4.67      -1.28
CITRIX SYSTEMS        30.29    29.88     0.00     0.41     1.73      -1.31
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
PETSMART INC          31.86    27.90    10.36     3.96     5.28      -1.32
KEYCORP               25.12    18.64    48.61     6.48     7.82      -1.34
MACY’S INC            25.79    21.36     0.40     4.43     5.81      -1.39
NORTHROP GRUMMAN      18.68    13.62     1.20     5.06     6.47      -1.40
EATON CORP PLC        26.49    20.89     2.79     5.59     7.03      -1.43
WESTERN UNION         21.49    19.60    15.54     1.89     3.33      -1.44
PROGRESSIVE CORP      17.80    14.08    33.47     3.72     5.17      -1.45
ABBVIE INC            25.25    25.53     1.05    -0.28     1.19      -1.47
FREEPORT-MCMORAN      37.90    34.01    17.53     3.89     5.37      -1.48
TERADYNE INC          31.48    27.00    24.30     4.47     6.00      -1.53
NYSE EURONEXT         21.96    13.50    61.75     8.45    10.03      -1.58
COVIDIEN PLC          21.06    18.61     0.00     2.45     4.04      -1.59
AUTODESK INC          31.73    28.10     1.99     3.63     5.23      -1.60
DANAHER CORP          19.87    13.81     0.00     6.05     7.66      -1.61
GARMIN LTD            24.52    21.09    13.94     3.43     5.05      -1.62
YAHOO! INC            27.75    28.16     9.56    -0.41     1.21      -1.63
NABORS INDS LTD       35.83    34.20     9.16     1.63     3.27      -1.64
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
SPRINT NEXTEL CO      35.30    33.83    38.65     1.47     3.12      -1.65
DEERE & CO            24.51    19.95     2.39     4.57     6.22      -1.66
DEAN FOODS CO         28.94    24.24    13.94     4.70     6.61      -1.90
SALESFORCE.COM        40.62    38.70     0.40     1.92     3.87      -1.95
ENTERGY CORP          19.74    16.34    22.71     3.39     5.35      -1.95
DUN & BRADSTREET      19.37    18.49     5.58     0.88     2.83      -1.95
SOUTHWEST AIR         27.98    27.59    25.10     0.39     2.35      -1.97
GENWORTH FINANCI      41.50    39.37    13.94     2.13     4.20      -2.07
J.C. PENNEY CO        54.47    52.07     6.77     2.40     4.67      -2.27
CF INDUSTRIES HO      28.12    26.66     0.00     1.47     3.74      -2.28
INTL GAME TECH        30.45    28.67    12.75     1.78     4.11      -2.33
DENBURY RESOURCE      31.51    30.07     3.59     1.44     3.77      -2.34
NETFLIX INC           43.01    42.84     8.77     0.17     2.54      -2.37
HOME DEPOT INC        23.44    19.95     0.00     3.50     5.91      -2.41
JOY GLOBAL INC        39.61    37.77     6.77     1.84     4.27      -2.43
COCA-COLA ENTER       23.23    18.63    11.55     4.60     7.11      -2.50
ELECTRONIC ARTS       37.81    36.16    12.75     1.66     4.17      -2.52
===========================================================================
                                       Percen-     Skew Spread      Weekly
Company               IV90%    IV110%   tile*    05/17    05/10     Change
===========================================================================
SYMANTEC CORP         26.23    25.23     1.20     1.00     3.64      -2.64
MYLAN INC             27.05    23.42     1.99     3.62     6.27      -2.64
SIGMA-ALDRICH         15.90    13.29     2.79     2.61     5.28      -2.66
HEALTH CARE REIT      16.88    11.80    23.11     5.08     7.95      -2.88
HOST HOTELS & RE      21.41    18.81     4.78     2.60     5.68      -3.07
AMERICAN ELECTRI      16.58    11.67    14.34     4.91     8.29      -3.38
MOTOROLA SOLUTIO      24.77    23.74     0.00     1.03     4.63      -3.60
TYSON FOODS-A         23.72    20.24     6.38     3.48     7.23      -3.75
RED HAT INC           34.41    36.69     1.20    -2.28     1.63      -3.91
REYNOLDS AMERICA      18.92    13.10    17.53     5.82     9.79      -3.97
REGENERON PHARM       37.83    40.87     0.40    -3.03     1.47      -4.50
SYSCO CORP            15.58    11.16    24.30     4.42     9.58      -5.16
CABLEVISION SY-A      25.11    32.66     0.00    -7.55    -2.08      -5.48
DELL INC              25.46    19.05    60.96     6.41    14.95      -8.54
LIFE TECHNOLOGIE       7.30     7.30     7.97     0.00     9.64      -9.64
ANADARKO PETROLE      29.23    39.35     0.00   -10.12     3.30     -13.42
==============================================================================

SOURCE: Bloomberg

Definition: 90%-110% Skew Spread: Calculated as the difference of 90% and 110% moneyness options for 30-day implied volatility data, using the Black-Scholes model. The implied volatility value is computed across expirations using the Hermite spline interpolation method and across strikes using the quadratic fitting interpolation technique. * -- Percentile is based on the skew spread over the past year.

Criteria: All companies shown in this table had an average daily options volume of at least 500 contracts for the past 20 days and an open interest of more than 10,000 as of the last trading day.

-- With assistance from Cecile Vannucci and Timothy Mazzella.

To contact the reporter on this story: Wendy Soong in New York at at csoong@Bloomberg.net.

To contact the editor responsible for this story: Alex Tanzi at at atanzi@Bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.