Blogging Options: CBOE Mid-day Update

Volatility as an asset class: 

 
Near term volatility (NFLX, GM) lower than outer month, suggesting traders comfort with short term share price uncertainty compared to longer dated uncertainty.

Netflix-NFLX July put option implied volatility is at 38, August and December is at 49; compared to its 26-week average of 49, suggesting traders are expecting less near term price movement.
 
General Motors-GM July put option implied volatility is at 30, January is at 37; compared to its 26-week average of 31, suggesting traders are expecting less near term price movement.
 

Stock Mover’s:
 
Google-GOOG July put option implied volatility is at 34 and August is at 30; above its 26-week average of 27 as shares trade near a nine-month low. July 475 calls and July 470 puts are active on total CBOE volume of 56K contracts following the company saying the FTC has launched review of its business.