Volatility as an asset class
General Electric (GE) August 20 calls and puts are active following the company reporting a Q2 profit increase of 21%. August call option implied volatility is at 21; December is at 23, suggesting larger outer month price moment.
Coinstar (CSTR) August 57 and 60 calls are active as spreaders adjusted their positions to the company’s 6% sell off on less than expected revenue guidance. August and September call option implied volatility of 41 is below its 26-week average of 44.
Caterpillar (CAT) August 110 and 115 calls are active as spreaders reacted to the company’s 5.6% sell off on less than expected Q2 results. August and September call option implied volatility of 27 is near its 26-week average.