Blogging Options: CBOE Mid-day Update

Volatility as an asset class
Scotts Miracle-Gro (SMG) is recently down $8.75 to $46.20 on lower than expected FY12 EPS guidance. June put option implied volatility is at 29, September is at 30; near its 26-week average of 31.

OfficeMax (OMX) is recently up 46c to $4.96 after reporting Q1 adjusted EPS 23c, consensus 16c. June call option implied volatility is at 56, August is at 54; below its 26-week average of 67.
Mako Surgical (MAKO) is recently down $14.84 to $26.55 after the medical device manufacturer had higher cost growth than revenue. June put option implied volatility is at 67, August is at 69, above its 26-week average of 59.
U.S. equities are lower as markets sell off on expectations Greece left-wing leaders have a plan to leave the Euro.
CBOE Volatility Index-VIX is recently up 1.02 to 19.96, above its 10-day moving average of 17.56 and its 50-day moving average of 17.15.