Volatility as an asset class
Abercrombie & Fitch (ANF) is recently down $6.72 to $38.66 on weak European sales and guidance. June call option implied volatility is at 48, August is at 51; compared to its 26-week average of 47.
General Electric (GE) is recently up 72c to $19.11 after GE’s Capital board declared a $475M dividend to its parent. June call option implied volatility is at 28, July and August is at 25; near its 26-week average.
SINA (SINA) is recently up $6.79 to $58.49 on better than expected Q1 results and optimism surrounding the launch of its Weibo displayed advertising system. June call option implied volatility is at 57, September is at 60; compared to its 26-week average of 67.
U.S. stocks mixed to lower on Greece political issues affecting European banks.
CBOE Volatility Index-VIX is up 22c to 22.19.