Blogging Options: CBOE Afternoon Update

Volatility as an asset class:
 
Digital online travel commerce company option implied option volatility:
 
Priceline.com (PCLN) overall option implied volatility of 32 is below its six-month average of 36.
 
Tripadvisor (TRIP) overall option implied volatility of 48 is above its six-month average of 44.
 
Ctrip.com (CTRP) overall option implied volatility of 47 is near its six-month average of 49.
 
Orbitz Worldwide (OWW) overall option implied volatility of 71 is below its six-month average of 86.
 
Expedia (EXPE) overall option implied volatility of 39 is above its six-month average of 36.
 
Travelzoo (TZOO) overall option implied volatility of 52 is above its six-month average of 48.

 
CBOE Volatility Index-VIX up 65c to 17.75, July 26 and 35 calls are active on total CBOE volume of 268K contracts.

U.S. equities are falling for a third day. Spanish bond yields trade above 7%. Alcoa’s results after the close. Will they exceed reduced estimates?