Blogging Options: CBOE Morning Update

Volatility as an asset class
 
Tesla Motors (TSLA) is up $2.50 to $32.56 in the premarket after reporting Q1 adjusted EPS (76c), consensus (69c). Overall option implied volatility of 58 compares to its 26-week average of 51.
 
Priceline.com (PCLN) is recently down $10 to $708.95 in the premarket on guidance of Q2 adj EPS $7.20-$7.40. Overall option implied volatility of 74 is above its 26-week average of 42.

Cisco (CSCO) is down $1.48 to $17.30 in the premarket on Q3 EPS 48c, consensus 47c and the company issuing cautious guidance. Overall option implied volatility of 32 compares to its 26-week average of 31.
 
U.S. equities are mixed to higher. Asian stocks decline on Euro/Greece concerns, but European stocks led by DAX +1% may help US equities. Weekly jobless claims fell slightly.
 
CBOE Volatility Index-VIX closed at 20.27, 10-day moving average is 17.79, 50-day moving average is 17.17.