Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
U.S. money center option implied is flat on active option volume
 
JP Morgan (JPM) overall option implied volatility of 37 is above its 26-week average of 34 as 41K contracts trade at the CBOE.
 
Bank of America (BAC) overall option implied volatility of 52 is near its 26-week average as 39K contracts trade at the CBOE.
 
Citigroup (C) overall option implied volatility of 48 is near its 26-week average of 45 as 21K contracts trade at the CBOE.
 
Goldman Sachs (GS) overall option implied volatility of 38 is near its 26-week average of 37.
 
Morgan Stanley (MS) overall option implied volatility of 58 is above its 26-week average of 50.
 
 
Stocks are higher at midday on hopes for a stable Greek election.
 
CBOE Volatility Index (VIX) is recently up 52c to 22.20. June 19 puts are active on total CBOE volume of 371K contracts.