Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Domino’s Pizza (DPZ) is recently up $1.43 to $41.41 after completing its recapitalization and declaring a $3 special dividend. April call option implied volatility is at 24, May is at 28; below its 26-week average of 38.
 
UnitedHealth (UNH) is recently up 62c to $56.21 after the company was awarded a $20.46B government contract. April and June call option implied volatility of 18 is below its 26-week average of 33.
 
Citigroup (C) is recently up $1.45 to $38.15 after the company sold 506.2M shares or 2.7% of Pudong Development Bank, to several institutional investors through block trades. April call option implied volatility is at 34, May is at 31; below its 26-week average of 49.
 
CBOE Volatility Index NASDAQ 100 (VXN) down .12 to 16.35, below its 50-day moving average of 19.44.