Blogging Options: CBOE Mid-day Update

Stock Mover’s
 
Finisar (FNSR) is recently up $2.28 to $20.86 following better than expected Q1 bottom line results. September and October 22 calls are active on option implied volatility of 73; above its 26-week average of 65.
 
H&R Block (HRB) is recently down $1.84 to $13.33 following a wider than expected Q1 loss. September 13 puts are active on option implied volatility of 51, January is at 48; above its 26-week average of 38.

Volatility as an asset class

Financial Select Sector (XLF) September and October put option implied volatility is at 46, November is at 40; above its 26-week average is 24.

CBOE Volatility Index (VIX) is recently up 3.7% to 32.99, below its 10-day moving average is 35.15 and above its 50-day moving average of 26.99.
 
Long premium sensitive traders are aware their is one half trading day in the next three and half days.