Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
First Solar (FSLR) is recently up 76c to $21.74 in the premarket after announcing a restructuring to align operations with sustainable market opportunities. Overall option implied volatility of 78 is near its 26-week average of 76.
 
Johnson & Johnson (JNJ) is recently up 32c to $64.35 in the premarket after reporting Q1 ex items EPS $1.37, consensus $1.35. Overall option implied volatility of 15 is below its 26-week average of 18.
 
Coca-Cola (KO) is recently up 84c to $73.28 in the premarket after reporting Q1 EPS 89c, consensus 87c. Overall option implied volatility of 15 is near its 26-week average.
 
CBOE Volatility Index-VIX closed at 19.54, 10-day moving average is 17.99, 50-day moving average is 17.34.
U.S. equities higher in the premarket on solid corporate results and a stable outlook for European and Chinese economies.
 
Stocks with significant call volume increases;
 
BAC 4/21/2012 9 21K contracts
 
CSCO 1/19/2013 22 19K
 
AAPL 4/21/2012 600 14K
 
INTC 4/21/2012 29 6K