Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Yahoo (YHOO) is recently down 10c to $14.62 on reports the company is preparing for major layoffs. March and April put option implied volatility of 30 is below its 26-week average of 41.
 
General Motors (GM) is recently down 49c to $25.97 on the company temporarily halting production of its Chevy Volt electric vehicle. March put option implied volatility is at 35, May is at 37; below its 26-week average of 42.

BP (BP) is recently 75c to $48.24 after announcing a $7.8B settlement with Gulf of Mexico oil spill victims. March and July call option implied volatility of 25 is below its 26-week average of 32.
 
CBOE Nasdaq-100 Volatility Index (VXN) up $1.79 to 20.02, NDX down 1%; www.cboe.com/VXN