Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
 
Genesee & Wyoming (GWR) is recently 7c to $56.05 after announcing the acquisition of RailAmerica (RA) for $1.4B ($25.50 per share in cash). August call option implied volatility is at 33, October is at 31; near its 26-week average.
 
Peet’s Coffee (PEET) is recently p $16.43 to $73.50 after Joh A. Benckiser announced the acquisition of the company for $1B ($73.50 per share in cash). September call option implied volatility is at 7, December is at 5; below its 26-week average of 34.
 
CNOOC (CEO) is recently down $7.08 to $195.67 after announcing the acquisition of oil and gas producer Nexen (NXY) for $15.1B ($27.50 per share in cash). August put option implied volatility is at 35, September is at 41, December is at 38; above its 26-week average of 31.
 
U.S. stocks are off their lows of the session as investor’s discount Spain economic concerns.
 
CBOE Volatility Index (VIX) is recently up 2.38 to 18.65. VIX August 20 and 30 calls are active on total volume of 227K contacts at the CBOE.