Blogging Options: CBOE Mid-day Update

Volatility as an asset class

InterDigital (IDCC) is recently down $6.35 to $29.63 following an increase in its repurchase program to $200M after patent deal with Intel (INTC). Overall option implied volatility of 58 is below its 26-week average of 63.
 
Facebook (FB) is recently at a 15-day high, up $1.97 to of $31.98. July 30 and 32 calls are active on total volume of 42K contracts at the CBOE. June weekly call option implied volatility is at 61, July standards are at 47, August is at 55; compared to its 14-day average of 58.
 
Groupon (GRPN) is recently up $1.06 to $11.12 following an upgrade to Overweight from Equal Weight at Morgan Stanley. Morgan Stanley upgraded Groupon citing its market leadership in local eCommerce, high barriers to entry, and revenue growth. Price target is $18. Overall option implied of 61 is near its 26-week average of 58.

CBOE Volatility Index (VIX) is recently down 2.12 to 18.99 following the Greek elections as trader’s adjust positions for the FOMC meeting this week.