Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
 
Low volatility for device manufacturers suggests less risk and investors confidence of share price performance
 
Research in Motion (RIMM) overall option implied volatility of 51 is above its 26-week average of 42 into the expected release of Q1 results on today. RIMM June 30 puts and June 40 calls are active. RIMM June 35 straddle is pricing in a 7% share price movement.
 
Nokia (NOK) overall option implied volatility of 47 is above its 26-week average of 42.
 
Motorola Mobility Holdings (MMI) overall option implied volatility of 43 is near its 23-week average of 42.
 
Dell (DELL) overall option implied volatility of 32 is near its 26-week average.
 
Apple (AAPL) overall option implied volatility of 30 is near its 26-week average of 31.
 
Hewlett-Packard (HPQ) overall option implied volatility of 27 is near its 26-week average.
 
CBOE Buywrite Monthly Index (BXM)up 0.5% to 812.12, below its 10 and 50-day moving average of 817.53 and 832.12.