Blogging Options: CBOE Mid-day Upate

Volatility as an asset class:
 
Du Pont (DD) is recently down $1.01 to $47.70 after reporting earnings that beat expectations but revenues that was below consensus. August put option implied volatility is at 25, September and October is at 26; compared to its 26-week average of 23.
 
Altria Group (MO) is recently up 1c to $35.50 after reporting Q2 adj EPS 59c, consensus 57c. August put option implied volatility is at 15, September is at 16, December is at 18; compared to its 26-week average of 16.
 
VMware (VMW) is recently up 33c to $89.56 after reporting higher than expected Q2 adjusted EPS and agreeing to buy software-defined networking company Nicira. August, September and October put option implied volatility of 43 is above its 26-week average of 40, suggesting slightly larger price movement.
 
U.S. stocks are near their session lows as investors sell stocks and go into bonds after Moody’s Investors Service cut the outlook on Germany’s top credit rating.
 
CBOE Volatility Index (VIX) is recently up 1.25 to 19.87. VIX September 28 and 42 calls are active on total volume of 219K contacts at the CBOE.