Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
General Motors (GM) is recently up $1.81 to $26.74 on strong U.S. performance and guidance compared to losses in Europe. March and April put option implied volatility of 35 is below its 26-week average of 41.
 
TRW Automotive (TRW) is recently up $5.41 to $46.88 after reporting Q4 adjusted EPS of $1.84 vs. consensus $1.55. March and April put option implied volatility is at 36 is below its 26-week average of 48.

J.M. Smucker (SJM) is recently down $7.44 to $70.72 after reporting Q3 earnings fell 11% on a sales volume decline of 10%. March and April put option implied volatility of 21 is below its 26-week average of 23.
 
CBOE Volatility Index-VIX recently down 1.45 to 19.69; S&P 500 recently up 1.01%.