Blogging Options: CBOE Mid-day Update

Volatility as an asset class:

Stocks are lower on the healthcare law being upheld and JP Morgan (JPM) selling off on a report of a larger than expected derivatives trading loss.
 
Volatility Index (VIX) is recently up $1.31 to 20.76, above its 10-day moving average is 19.35 and near its 50-day moving average is 20.58.

Health Care Select Sector SPDR (XLV) is recently 39c to $37.08 on the Supreme Court upholding healthcare reform. July put option implied volatility is at 16, August is at 17, December is at 19; compared to its 26-week average of 16.
 
UnitedHealth (UNH) is recently down 51c to $58.79. July call option implied volatility is at 27, August is at 26, September is at 25; compared to its 26-week average of 27.
 
HCA Holdings (HCA) is recently up $2.74 to $29.35. July call option implied volatility is at 35, August is at 37, September is at 39; compared to its 26-week average of 45.

JP Morgan (JPM) is recently down $1.66 to $35.11 on its derivative loss could reach $9B, NY Times reports. July put option implied volatility is at 39, August, September and October is at 38; above its 26-week average of 34.