Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
CBOE Volatility Index-VIX is recently down 9.6% to 38.33; near its ten-day average of 38.11.
 
VIX methodology Market Vectors Gold Miners Fund-VXGDX is recently down 2.3% to 43.54, gold trades above $1859.
 
Nvidia-NVDA over all option implied volatility of 65 is above its 26-week average of 48 according to Track Data, suggesting larger price movement as shares bounce up from nine-month lows. 
 
 
Stock Mover’s
 
Medtronic-MDT is recently up 5.5% following better than expected Q1 revenue. September put option implied volatility of 34 is below a level of 43 from August 18 and above its 26-week average of 25.

Heinz-HNZ is recently down 2.5% following less than expected Q1 earnings as the volume goods sold were lower due to prices increases. October and December put option implied volatility of 25 is above its 26-weeek average of 21, suggesting larger continued price movement.