Volatility as an asset class
AutoZone (AZO) is recently down $9.55 to $359 in pre-open trading following Q3 EPS of $6.28, consensus $6.25. Overall option implied volatility of 28 is above its 26-week average of 24.
Best Buy (BBY) is recently up 50c to $18.52 in the premarket after reporting Q1 adjusted EPS 72c vs. 65c. Overall option implied volatility of 61 is above its 26-week average of 39.
Ralph Lauren (RL) is recently down $3.15 to $143.15 in the premarket after reporting Q4 revenue $1.6B, compared to consensus estimates of $1.60B. Polo Ralph Lauren increased its dividend 100% to 40c. Overall option implied volatility of 45 is above its 26-week average of 34.
U.S. equities are indicating a mixed open on the uncertainty for an EU crisis solution.
CBOE Volatility Index-VIX closed at 22.01, 10-day moving average is 21.55, 50-day moving average is 17.78.
Puts with volume increases at CBOE;
BAC 5/25/2012 7 6K contracts
JPM 1/18/2014 20 6K
MOS 7/21/2012 45 5K
AAPL 5/25/2012 550 4K
FXE 6/16/2012 130 4K
HIG 7/21/2012 16 4K
WLL 9/22/2012 37.5 3K