Blogging Options: CBOE Mid-day Update

Volatility as an asset class
Hershey (HSY) is recently down 49c to $60.60 after reporting revenue $1.57B vs. consensus $1.56B. February call option implied volatility is at 15, March is at 14, May is at 15; below its 26-week average of 21.
 
Corinthian Colleges (COCO) is recently up 32% on Q2 EPS 4c vs. consensus 1c on revenue of $415.5M vs. consensus $415.27M. February and May put option implied volatility of 88 is near its 26-week average of 89.
 
Amazon.com (AMZN) is recently down $15.29 to $179.16 after reporting disappointing Q4 revenue and guidance. February call option implied volatility is at 33, below a level of 45 from January 31. February 180 weekly calls are active on total option volume of 341K contracts at the CBOE.