Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Nokia (NOK) is recently down 39c to $2.40 after lowering guidance, leadership changes and plans reduce up to 10,000 positions. July call option implied volatility is at 98, October is at 86; above its 26-week average of 67.
 
Lattice Semi (LSCC) is recently down 63c to $3.86 after the company sees Q2 revenue approximately flat to down 3% on sequential basis. Overall option implied volatility of 70 is above its 26-week average of 62.
 
CBOE Crude Volatility Index (OVX) is recently down 1.89 to 37.18 following OPEC agreeing to keep its oil production ceiling unchanged. WTI Crude oil is recently up 1.45% to $82.82. http://www.cboe.com/ovx
 
CBOE Volatility Index (VIX) is recently down 28c to 23.99 as U.S. stocks rally on hopes for a positive legislative election in Greece on Sunday June 17.