Blogging Options: CBOE Mid-day Update

Volatility as an asset class

PowerShares QQQ Trust (QQQ) option implied volatility low as QQQ rally’s to fresh 11-year high on better than expected January job gains
 
The PowerShares QQQ Trust (QQQ) is recently up 85c to $62.06. February call option implied volatility is at 15, March is at 16; below its 26-week average of 24.
 
Genworth Financial (GNW) is recently up $1.09 to $9.12 following better than expected investment gains than losses and revenue. February and March call option implied volatility of 46 is below its 26-week average of 70.

Gilead (GILD) is recently down 45c to $12.29 following Q4 earngings increase of 5.7%. February call option implied volatility is at 30, March is at 33; below its 26-week average of 41.

CBOE Volatility Index-VIX down 90c to 17.08, below its 10-day moving average is 18.54, 50-day moving average is 23.50.