Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Apple-AAPL is recently up 3% to $324.87 after trending to a six-month low. July put option implied volatility is at 24, August at 26, September is at 27, October is at 29, January is at 32; compared to its 26-week average of 30.
iShares Silver Trust-SLV is recently down 1c to $34.02 as silver futures have recently traded in a tight two-month range. Overall option implied volatility of 37 is below its 26-week average of 39, suggesting decreasing price movement.
Alcoa-AA July, August and October put option implied volatility is flat at 34; suggesting non-directional risk into July 2Q results.