Blogging Options: CBOE Mid-day Update

Volatility as an asset class
Apple (AAPL) is recently up 3% to $388 on record iPhone and iPad sales. August and September call option implied volatility of 23 is below its 26-week average of 31, suggesting decreasing price movement.

News Corp. (NWSA) August and July 16 calls are active as trades adjust positions on the mobile-phone hacking scandal at News of the World. August option implied volatility is at 43, October is at 38; above its 26-week average of 33, suggests larger price movement.

Stock Mover’s
Riverbed (RVBD) is recently down $9.51 to $31.90 after reporting less-than-expected Q2 revenue growth. August and September put option implied volatility of 54 is near its 26-week average.

Texton (TXT) is recently up 8% on better than expected Q results and outlook. August and September option implied volatility of 35 is near its-week average.