Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Halliburton (HAL) is recently down $1.13 to $35.08 after reporting Q4 EPS $1 vs. consensus 99c. HAL February call option implied volatility is at 35, April is at 39; below its 26-week average of 48.
 
Bank of America (BAC) is recelnty up 11c to $7.18 following BofA CEO says targeting up to $3B in additional cuts, Bloomberg reports .
February and March put option implied volatility of 46 is below its 26-week average of 57, suggesting decreasing price movement.
 
Research In Motion (RIMM) is recently down $1.13 to $15.87 following the Board of directors of RIMM, announcing Thorsten Heins as President and CEO. Heins was also appointed to RIM’s Board. February option implied volatility is at 68, March is at 71; above its 26-week average of 64, suggesting larger price movement.
 
MSCI Emerging Markets Index-EEM is recently up 0.7% to 41.69, near a twelve-week high. February call option implied volatility is at 23, March is at 26; below its 26-week average of 33.