Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
General Electric (GE) is recently up 38c to $19.52 on strong Q1 results, led by 11% industrial core revenue growth. May call option implied volatility is at 19, June is at 22; below its 26-week average of 27.

Tempur-Pedic (TPX) is recently down $17.08 to $66.67 on disappointing Q1 results due to marketing investments. May put option implied volatility is at 43, September is at 45; below its 26-week average of 52.
 
SanDisk (SNDK) is recently down $5.20 to $35.20 on weak guidance. May put option implied volatility is at 37, July is at 41; below its 26-week average of 43.

Riverbed (RVBD) is recently down $7.67 to $20.19 after reducing guidance on a difficult product transition. May put option implied volatility is at 56, June is at 54; near its 26-week average.
 
U.S. equities are near their daily highs and the CBOE Volatility Index (VIX) is recently down 7% to 17.08 on positive earnings reports.