Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Chelsea Therapeutics (CHTP) is recently down 99c to $2.68 after the FDA failed to approve Northera. April put option implied volatility is at 84, May is at 90, June is at 91; below its 26-week average of 123.

Red Hat (RHT) is recently up $9.03 to $60.40 on better than expected results. April put option implied volatility is at 34, below a level of 47 from March 28 and below its 26-week average of 43.
 
Best Buy (BBY) is recently down $1.96 to $24.67 after reporting a Q4 loss amid $2.6B in restructuring costs and charges. April call option implied volatility is at 27, May and June is at 29; below its 26-week average of 36.
 
Most active index family’s at CBOE: SPX417K contracts, VIX 235K, NDX 19K, OEX 9K, DJX 2K