Volatility as an asset class: ADBE decreases on results; ACN elevated into results, VIX strike I.V. increases as VIX collapses
Adobe (ADBE) is recently down 5% following Q2 results beating expectations on positive Q3 guidance; however commentary on Europe was cautious. July 31 calls and puts are active on volatility of 29; below its six-month average of 33.
Accenture (ACN) July 55 and 60 calls are active into the release of Q3 results on June 23.
July put option implied volatility is at 30, November is at 27; above its 26-week average of 25.
CBOE Volatility Index (VIX) is recently down 5.1% to 17.90 following the FOMC leaving Federal Funds Rates unchanged at 0.25%. VIX July at the money 22 call volatility has increased to 122, September is at 123, above levels of 95 from June 20th. Call volume of 217K contracts compares to 113K puts.