Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
Teva (TEVA) is recently up $2.02 to $40.03 on a favorable ruling in a copaxone patent infringement case. July put option implied volatility is at 25, August is at 27, September is at 26; near its 26-week average of 27.
Cemex (CX) is recently up 26c to $5.97 after announcing that it has scheduled meetings on June 29 and July 2 with the full syndicate of lenders under its financing agreement. July, August and October call option implied volatility of 54 is near its 26-week average.
Chesapeake (CHK) is recently down $1.62 to $17 following a report of land collusion allegations. July put option implied volatility is at 65, August and October is at 69; compared to its 26-week average of 54.
CBOE Volatility Index- VIX is recently up 2.64 to 20.75 and the S&P 500 is down 1.47% as two more European nations officially requested aid from the European Union.
Active options on CBOE: AAPL, ARNA, RIMM, BAC, FB, JPM, INTC, MSFT, F, C.