Blogging Options: CBOE Mid-day Update

Volatility as an asset class
  
Financial Select Sector (XLF) is recently up 2.5% to $12.50 on investor confidence of a European capital bailout. October and November call option implied volatility is at 37; above its 26-week average of 26.
 
Semiconductor Holders Trust (SMH) is recently up 3.5% as expectations build for holiday electronic device sales. Overall option implied volatility at 31; above its 26-week average is 24.
 
Goldman Sachs (GS) is recently up $3.36 to $102.47 on the company weighing sharper spending cuts, The New York Times reported. October put option implied volatility is at 52, November is at 50; above its 26-week average of 32.

VIX methodology for Goldman Sachs (VXGS) is down 6.9% to 56.99, below its 10-day MA of 56.93.

Market Vectors Gold Miners Fund- (VXGDX) is down 8.9% to 47.17; above its 10-day moving average of 43.45 as gold rallies 5.11%.

VIX methodology for iShares Silver Trust (VXSLV) is down 6.6% to 74.25; above its 10-day moving average of 55.75 as silver rallies 9.5%.