Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Career Education (CECO) is recently down $1.88 to $9.32 on an acceleration of declining new student enrollment. March and April put option implied volatility is at 59, July is at 56; below its 26-week average of 64.

Apollo Group (APOL) is recently down $6.87 to $45.13 after it lowered its operating income guidance and its enrollment forecast. March put option implied volatility is at 41, April is at 37, May is at 33; compared to its 26-week average of 37.

Apple (AAPL) is recently up $8.39 to $534.05 on reports the company will launch its new iPad on March 7th. AAPL March call option implied volatility is at 26, April is at 27; below its 26-week average of 30.

 CBOE DJIA BuyWrite Index- $BXD @ 228.92; as index trends t record high; www.cboe.com/BXD