Volatility as an asset class
Goldman Sachs (GS) is recently up 42c to $118.15 after reporting Q1 EPS $3.92, consensus $3.55. May call option implied volatility is at 32, July is at 33; below its 26-week average of 36.
U.S. Bancorp (USB) is recently up 29c to $31.45 after reporting Q1 EPS 67c, consensus 64c. May call option implied volatility is at 26, May is at 25; below its 26-week average of 27.
Comerica (CMA) is recently up 90c to $31.77 after reporting Q1 EPS 66c, consensus 55c. May and July call option implied volatility of 29 is below its 26-week average of 44.
iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 1.12 to 17.87, below its 200-day moving average of 33.34.
U.S. equities are higher on positive corporate results and 2012 guidance.