Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Cisco (CSCO) is recently up 16.3% following better than expected Q4 results and outlook. September and November call option implied volatility of 37 is above its 26-week average of 29.
 
Sodastream (SODA) is recently down 35% following less than expected guidance. August call option implied volatility is at 147, September is at 105, October is at 98, January is at 88; above its 17-week average of 66.
 
Brinker (EAT) is recently up 14% to 23.51 on better than expected Q4 results and outlook. September call option implied volatility is at 48, January is at 40; above its 26-week average of 37.
 
Financial Select Sector (XLF) August and September put option implied volatility of 60 is above its 26-week average of 23, suggesting larger price movement.