Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Goodrich (GR) October option implied volatility has collapsed to 14 from 48 following the announcement it is being acquired by United Technologies (UTX) for $18.4B, or $127.50 per share.

JinkoSolar (JKS) October put option implied volatility is at 134, November and December is at 150; above its 26-week average of 67 following a company hosted conference call to address the environmental concerns that have surfaced at one of its Chinese plants.
 
FedEx (FDX) is recently down $6.87 to $66.26 after lowering its guidance. October put option implied volatility is at 45, January is at 42; above its 26-week average of 29.

CarMax (KMX) is recently down 7.4% on mixed results after citing the recent economic slowdown. October and November put option implied volatility of 48 is above its 26-week average of 37.