Blogging Options: CBOE Mid-day Update

Volatility as an asset class

U.S. Steel (X) is recently up $1.45 to $30.18 after reporting better than expected results and guidance. February and March call option implied volatility of 45 is below its 26-week average of 56.
 
Mattel (MAT) is recently up $1.47 to $31 after reporting Q4 net rose 14% on higher margins and better than expected international demand. February and March call option implied volatility of 20 is below its 26-week average of 26.
 
UPS (UPS) is recently is recently down 77c to $76.40 on profit taking after the company gave soft U.S and Asian trade volume guidance. February and March call option implied volatility of 14 is below its 26-week average of 24.
 
U.S. equities are mixed into Friday’s January jobs report.