Blogging Options: CBOE Mid-day Update

U.S. equities are lower on economic growth uncertainties in Europe, Brazil and China.
 
Volatility as an asset class

CBOE VIX futures March are at 22.15, April 24.90, May at 26.42, June at 27.45, August at 29.15, September 29.71, October 29.95 November at 29.91.

The materials sector led the market downward, with Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO) all down about 3% or more.
 
RIO March put option implied volatility is at 38, July is at 37; compared to its 26-week average of 42.
 
VALE March option implied volatility is at 37, June is at 43; compared to its 26-week average of 41.
 
BHP March option implied volatility is at 33, May is at 34; compared to its 26-week average of 42.

CONSOL Energy (CNX) is recently down 70c to $32.64 after saying it will cut back production in response to decreased international demand. March put option implied volatility is at 45, July is at 47; below its 26-week average of 53.