Volatility as an asset class:
Limited Brands (LTD) is recently up $2.38 to $46.53 after reporting comparable store sales increased 7% for the five weeks ended June 30. Overall option implied volatility of 29 is near its 26-week average.
Kohl’s (KSS) is recently $3.07 to $7.35 after reporting June SSS decreased 4.2%. Overall option implied volatility of 29 is near its 26-week average of 28.
Nordstrom (JWN) is recently up 94c to $51.50 after reporting June SSS rose 8.1% Overall option implied volatility of 33 is near its 26-week average of 32.
Netflix (NFLX) is recently up $10.12 after its CEO reported that the company’s subscribers watched 1B hours of TV shows and movies on the service last month. July call option implied volatility is at 54, August is at 66, September is at 58; compared to its 26-week average of 62.
CBOE Volatility Index (VIX) is recently up 73c to 17.39 as the S&P 500 decreases -0.2% into the release of the June employment report on Friday.