Pep Boys (PBY) is recently down 11% in pre-open trading following the release of Q1 EPS of 23c, compared to consensus of 30c. June put option implied volatility of 68, July is at 54; compared to its 26-week average of 45.
Temple-Inland (TIN) rejected a hostile International Paper (IP) proposal to acquire the company for $30.60 in cash. TIN overall volatility of 38 is below its six-month average of 41; suggesting decreasing price movement into the hostile bid.
Volatility as an asset class:
Akamai (AKAM) July call option implied volatility is at 34, November is at 37; below its 26-week average of 43, suggesting less risk as the company trades near 14-month lows.
CBOE Market Summary for Monday, June 06, 2011
Total Put/Call Ratio 1.11
Index Put/Call Ratio 1.47
Equity Put/Call Ratio 0.79
CBOE Volatility Index (VIX) Put/Call Ratio 0.30
CBOE significant call volume increases:
MSFT January 2012 24 16K contracts
WMB July 34 15K
TLB June 5 11K