Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Juniper (JNPR) is recently down 20% following weaker than expected Q2 results. JNPR August and January put option implied volatility is at 46 is above its six-month average of 36.
 
SPDR Gold Trust (GLD) options are active on the CBOE with 287K contracts trading after gold pulled back to $1,615 after trading at record highs. Overall option implied volatility of 18 is below its two-year average of 21.
 
CBOE Volatility Index NASDAQ 100- VXN is recently up 10.55 to 23.85; above 50-day moving average of 19.84.

Stock Mover’s
 
Corning (GLW) is recently down 6% following a softer than expected 2011 outlook. August 17 calls and puts are active with option implied volatility of 33; above its six-month average of 31.