Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Apple (AAPL) is recently up $4.09 to $533.83 on the iPad launch. March 535 and 540 standard calls are active on total CBOE option volume of 103K contracts. March option implied volatility is at 32, April is at 30; compared to its 26-week average of 31.

Wal-Mart (WMT) is recently up 67c to $59.64 after the company guided FY13 net sales growth of 5%-7%. March call option implied volatility is at 14, June is at 12; below its 26-week average of 19.
 
Children’s Place Children’s Place (PLCE) is recently down $1.60 to $50.83 on the company seeing FY12 EPS $3.10-$3.30, consensus $3.64. March put option implied volatility is at 37, April is at 33; below its 26-week average of 41.