Blogging Options: Mid-day Update

Volatility as an asset class
 
Medtronic (MDT) is recently down 59c to $37.12 after reporting Q4 EPS 99c on revenue of $4.3B. June and August put option implied volatility of 24 is near its 26-week average of 25.
 
Williams-Sonoma (WSM) is recently up $1.09 to $35.81 after reporting Q1 EPS 34c, consensus 32c. June and August put option implied volatility of 38 is near its 26-week average of 41.
 
United Technologies (UTX) is recently up 75c to $74.45 on the company seeing FY12 EPS $5.30-$5.50, compared to consensus $5.53. June call option implied volatility is at 21, July is at 23; compared to its 26-week average of 24.
 
U.S. equities are trading higher for the second day on stable European markets.
 
CBOE Volatility Index (VIX) is recently down 67c to 21.34. June 24 and July 32 calls are active on total option volume of 365K contracts.