Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 

CBOE S&P 500 Putwrite Index (PUT) up 5c to 1103.00, above its 50-day MA average of 1092.81
 

Stock Mover’s
 
Coca-Cola (KO) is recently up 3% on the release of better than expected Q2 results and FY outlook. August and November put option implied volatility of 15 is below a level of 17 from July 18, suggesting less risk.

Wells Fargo (WFC) is recently up 4% on the release of better than expected Q2 results. August put option implied volatility of 24 is below its 26-week average of 30.

UnitedHealth (UNH) reported Q2 earnings that rose 13%, and raised its 2011 profit forecast by 20c per share, but its shares are down 2.4%. UNH August and September 50 call option implied volatility of 24 is below its 26-week average of 28.

VIX 19.58, off 1.37

SPX 1325.44, up 20