Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Home Depot (HD) is recently down 50c to $49.41 after reporting Q1 revenue of $17.8B, versus consensus $17.93B. June put option implied volatility is at 23, August is at 26, November is at 27; compared to its 26-week average of 26.
Avon Products (AVP) is recently down $2.15 to $18.28 after Coty withdrew its proposal to acquire the company. June and July call option implied volatility is at 47, October is at 42; above its 26-week average of 37.

iShares Silver Trust (SLV) June and July put option implied volatility of 31 is below its 26-week average of 35 as the trust trades near a five-month low.
VIX methodology for iShares Silver Trust-VXSLV down 1.3% to 34.57 as silver trends lower.
U.S. stocks are mixed to higher at midday on investor confidence of German economic growth and expectations for oil to continue trade at five-month lows.
CBOE Volatility Index (VIX) is recently down 87c to 21.03 on total option volume of 436K contracts.