Volatility as an asset class
iPath S&P 500 VIX Short-Term Futures (VXX) January put option implied volatility is at 67, February is at 76; below its 26-week average of 81, suggesting decreasing price movement.
CBOE VIX futures January up 1.48 to 23.68, February up 1.02 to 24.77, March up 90c to 26.15, April up 90c to 27.10, May up 85c to 27.60, June up 70c to 28, July up 60c to 28.10, August up 50c 28.35, September up 15c to 28.75. Visit CBOE.com for quotes.
VMware (VMW) is recently down $3.14 to $84.72 following Citigroup downgrading the company to Sell from Neutral and lowering its price target to $80 from $87. February call option implied volatility is at 34, April is at 42; compared to its 26-week average of 43.
U.S. equities are trading near thier lows of the day on concerns European countries and regulators are not coordinated to resolve liquidity and funding issues.