Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Agrium (AGU) is recently down $2.03 to $82.55 after reporting Q1 revenue $3.63B, consensus $2.98B. June and July put option implied volatility is at 32; below its 26-week average of 44.

Chiquita Brands (CQB) is recently down $2.56, to $5.46 after reporting less than expected guidance on lettuce and banana pricing issues. June put option implied volatility is at 59, August is at 64; above its 26-week average of 48.
 
AOL (AOL) is recently up 71c to $26.29 following the release of Q1 EPS 22c, consensus 7c. June and July call option implied volatility of 33 is below its 26-week average of 44.
 
U.S. equities are lower for the sixth consecutive session, its longest losing streak of the year.
 
CBOE Volatility Index (VIX) up 3.2% to 19.66, above 10-day MA of 17.75.