Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Molycorp (MCP) August and September call option implied volatility is at 75, December is at 68; above its six-month average of 60 as shares have rally 7% on higher sales volume.

DeVry (DV) is recently down 17% on weaker than expected enrollment. August put option implied volatility is at 66, November is at 53; above its six-month average of 36.

Nordstrom (JWN) is recently up 5% on better than expected full-year guidance August call option implied volatility is at 52, September is at 49, October is at 47; above its 26-week average of 35.