Volatility as an asset class
Citigroup (C) is down 19c to $33.21 in the premarket after reporting Q1 EPS $1.11 ex-items, consensus $1.00 Overall option implied volatility of 40 is below its 26-week average of 45.
Nokia (NOK) is off 9c to $3.92 in the premarket on Moody’s downgrade to Baa3/P-3, outlook negative. Overall option implied volatility of 57 is below its 26-week average of 62.
CBOE Volatility Index-VIX closed at 19.54, 10-day moving average is 17.59, 50-day moving average is 17.31.
Stocks with significant put volume increases;
AAPL 4/13/2012 605 18K contracts
BAC 4/13/2012 9 13K
ETFC 7/21/2012 9 11K
HBAN 10/20/2012 5 10K
SLM 1/18/2014 10 9K
U.S. equities are mixed to slightly higher. 2Q corporate results start rolling in. Euro trades at a two-month low.
March Retail Sales +0.8% (+0.9% Feb).