Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Tiffany (TIF) is recently up $4.78 to $73.47 following the retailer projecting better than expected fiscal year earnings. April call option implied volatility is at 25, August is at 27; below its 26-week average of 35.

Michael Kors (KORS) is recently up 17c to $45.55 after raising its FY12 EPS outlook to 79c-81c from 74c-76c. April call option implied volatility is at 40, May is at 43; compared to its 12-week average of 43.

Lions Gate (LGF) is recently up 47c to $14.72 into the release of the “Hunger Games.”

April call option implied volatility is at 71, May is at 59; above its 26-week average of 44.
CBOE Crude Oil ETF Volatility Index security futures (OV) will begin trading on CFE on Monday, March 26, and options on the OVX Index will begin trading on CBOE on Tuesday, April 10.