Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Oracle (ORCL) October and November put option implied volatility of 52 is above its 26-week average of 32 on wide share price movement as the company unveils new all-in-one data center products at OpenWorld 2011 this week in San Francisco.

Morgan Stanley (MS) October put option implied volatility is at 158, November is at 131, January is at 105; above its six-month average of 41 as traders hedge their positions as shares traded near their 33-month lows.

Bank of America (BAC) October put option implied volatility is at 106, November is at 118, December is at 124; above its 26-week average of 49 as shares trade near its 30-month lows.

Financial Select Sector (XLF) overall volatility of 52 is above its 26-week average of 26 as financial sector trades near 28-month lows.