Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Molycorp (MCP) is recently up $3.30 to $29.25 after agreeing to acquire Neo Material Technologies Inc. for $1.3B. April and June put option implied volatility of 67 is below its 26-week average of 72.

Starbucks (SBUX) is recently up $1.81 to $52.17 after the company announced Verismo, a new initiative in the premium single-cup coffee category. April call option implied volatility is at 23, July is at 27; below its 26-week average of 34.
 
Apple (AAPL) is recently trading at $545 near a record high after Wednesday’s unveiling of the new iPad with Retina Display, A5X Chip, 5 MP camera, 4G LTE. April call option implied volatility is at 26, May and July is at 27; below its 26-week average of 31.
 
U.S. equities are higher on an optimistic February jobs data.
 
CBOE Volatility Index-VIX down 99c to 16.96.