Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
 
Bank of America (BAC) is recently down 16c to $7.77 after reporting Q2 EPS 19c, consensus 14c. August call option implied volatility is at 34, September is at 33, October is at 38, compared to its 26-week average of 51.
 
Wynn Resorts (WYNN) is recently up $1.42 to $98.78 after reporting Q2 revenue of $1.25B, below consensus $1.34B. August and September call option implied volatility of 32 compares to its 26-week average of 42.

VMware (VMW) is recently up $9.01 to $89.06 after the company named EMC (EMC) COO Pat Gelsinger as its new CEO and pre-announced better than expected Q2 results. August call option implied volatility is at 48, October is at 46; above its 26-week average of 40.
 
CBOE Volatility Index-VIX down 36c to 16.12 as the S&P 500 is recently up 0.8% on hopes for quantitative easing.