Netflix (NFLX) volatility stays elevated as share give up gains on canceled plans to split DVD’s and streaming operations
Netflix (NFLX) is recently down 23c to $116.53 following the company saying it will not rename its DVD-by-mail service and that its U.S. members will continue to go to the Netflix website for both unlimited streaming and unlimited DVDs. October put option implied volatility is at 79, November is at 84; above its six-month average of 54.
Scotts Miracle-Gro (SMG) is recently down 87c to $46.08 following the company reducing guidance. October put option implied volatility is at 51, December is at 43; above its 26-week average of 27.
Arch Coal (ACI) is recently up $1.03 to $16.37 after announcing plans to open a London sales office in response to resurgence in export demand. October put option implied volatility is at 79, November is at 75; above its 26-week average of 51.
Volatility as an asset class
CBOE Volatility Index (VIX) down 2.02 to 34.18, a 14-day low.
CBOE Volatility Index-VIX methodology for iShares MSCI Emerging Markets Index Fund (VXEEM) down 8% to 46.77.