Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
ATP Oil & Gas (ATPG) is recently up 64c to $8.83 following the company reporting Q4 revenue of $177.7M vs. $141.7M in Q4 of 2010. Overall option implied volatility of 73 is near its 26-week average of 72.
 
Bank of America (BAC) is recently up 36c to $9.60 as the bank stress tests indicated a more normal risk environment. Overall option implied volatility of 40 is below its 26-week average of 57.
 
Perfect World (PWRD) is recently up $3.18 to $15.73 following Q4 earnings more than doubling. April call option implied volatility is at 53, June is at 54; compared to its 26-week average of 68.
 
CBOE Volatility Index-VIX down 67c to 14.75, 10-day moving average is 16.89, 50-day moving average is 18.62.

Active options at CBOE into March expiration: HD AAPL BAC C GE