Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
Facebook (FB) is recently down $2.69 to $29.22. June 25 and 26 puts are active on total CBOE option volume of 55K contracts. June at the money call option implied volatility is at 59, puts at 64, July calls are at 57, puts at 64, August calls at 59, puts 69, September is at 54, puts at 65, December calls are at 53, puts at 65.
Pandora (P) is recently down 74c to $11.05 following the launch of a new Samsung music service. June put option implied volatility is at 78, July is at 76, September is at 79; above its 26-week average of 64, suggesting larger price movement.
Vertex Pharma (VRTX) is recently down $7.55 to $57.29 after the company announced a correction to its VX-809 study. June put volatility is at 56, July is at 67, October is at 67; above its 26-week average of 53.

U.S. equities are higher on stable international markets and oversold equity conditions
CBOE Volatility Index-VIX is recently up 44c to 22.20, below its 200-day moving average of 23.05, and above its 100-day moving average of 19.59.