Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Chevron (CVX) is recently down $2.24 to $104.134 following a Q4 EPS miss and low 2012 guidance. February and March put option implied volatility of 21 is below its 26-week average of 25.
 
Procter & Gamble (PG) is recently down 68c to $64.12 following as Q2 decreases 49% on heavy write-downs. February and March put option implied volatility of 15 is below its 26-week average of 18.
 
Ford (F) is recently down 45c to $12.29 following Q4 revenue of $34.6B vs. consensus $32.09B. February and March put option implied volatility of 32 is below its 26-week average of 41.

CBOE Volatility Index-VIX up 22c to 18.79.
 
U.S. equities are mixed to lower as Fitch Ratings downgrades Belgium, Cyprus, Italy, Slovenia, Spain.