Blogging Options: CBOE Mid-day Update

Stock Mover’s:

United States Oil Fund (USO) is recently down 1c to $36.61 as the fund approcches four-month lows with WTI crude futures decreasing $1.16 to $91.93. Overall option implied volatility of 33 is near its 26-week average of 32.

Volatility as an asset class:
CBOE Volatility Index NASDAQ 100-VXN down 4.3%; NASDAQ 100 up 0.57%.
Research in Motion (RIMM) is approaching five-year lows following disappointing results and guidance. July call option implied volatility is at 56, below a level of 65 from June 16 and above its 26-week average of 42. June 27 calls are active.

Baidu (BIDU) is recently up 2.1% after shares recently sold off to a four-month low. July 120 put option implied volatility is at 51, September is at 53; above to its 26-week average of 51 according to Track Data, suggesting larger near term price movement.