Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
General Electric (GE) is recently up 42c to $20.23 after reporting Q2 EPS 38c, consensus 37c.
Q2 revenue was $36.5B, above consensus estimates of $36.8B. Overall option implied volatility of 22 is below its 26-week average of 25.
Chipotle Mexican Grill (CMG) is recently down $89.29 to $314.60 on concerns growth is maturing. August call option implied volatility is at 35, September is at 33; compared to its 26-week average of 34.
SunTrust (STI) is recently down 65c to $23.59 after reports Q2 EPS 50c, compared to estimates of 44c. August and October call option implied volatility of 37 is near its 26-week average.
U.S. stocks are at their lows of the day as Treasury’s rally on Spain funding concerns.
CBOE Volatility Index (VIX) is recently up 1.33 to 16.78.
Active options at CBOE: SPY, QQQ, AAPL, IWM, MSFT, BAC, GLD