Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Bank of America (BAC) March and April 9 calls are active on total CBOE volume of 165K contracts as traders roll March option positions into April as shares trend higher. April call option implied volatility is at 38, May is at 36; below its 26-week average of 57.

JP Morgan (JPM) April 45 and 45 calls are active on total CBOE option volume of 61K contracts. April call option implied volatility is at 26, May is at 24; below its 26-week average of 36.

Citigroup (C) April 38 and 39 calls are active on total CBOE option volume of 43K contracts. April call option implied volatility is at 34, May is at 32; below its 26-week average of 50.

iPath S&P 500 VIX MD-TM FT (VXZ) down 2c to 51.60.
 
Apple (AAPL) March 590 straddle is at $13, April at $61 as shares at fresh record high into expiration.