Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
SPDR Gold Trust (GLD) is recently up $5.72 to $157.32 as gold moves up 3.54% to $1,619. June, July and August call option implied volatility of 22 is near its 26-week average of 21.
General Motors (GM) is recently up 64c to $22.83 on the company seeking to cut U.S. pension obligation by $26B. June call option implied volatility is at 38, July is at 37; near its 26-week average of 38.

Groupon (GRPN) is recently down 98c to $9.67 as insiders who hold 93% of the company’s shares outstanding will be allowed to sell the stock for the first time today, as the lock-up period has expired. June put option implied volatility is at 112, July is at 106, October is at 109; above its 26-week average of 58.
U.S. equities are sharply lower European debt crisis issues and a disappointing U.S. May employment report.
CBOE Volatility Index (VIX) is recently up 1.81 to 25.86.