Volatility as an asset class:
Archer Danials Midland (ADM) is recently down $1.26 to $26.23 on the corn-belt heat waving affecting results and margins. August call option implied volatility is at 26, September is at 24, December is at 25; above its 26-week average of 27.
Pfizer (PFE) is recently up 58c to $24.30 on solid Q2 and guidance. August call option implied volatility is at 19, September is at 17; below its 26-week average of 21.
Aetna (AET) is recently down 87c to $36.27 after reporting Q2 EPS $1.31, consensus $1.25. August and September call option implied volatility of 28 is near its 26-week average of 29.
Dendreon (DNDN) is recently $1.32 to $4.86 on a Q2 miss and restructuring. August put option implied volatility is at 105, September and November is at 97; above its 26-week average of 87.
S&P 500 Index Options (SPXpm) is recently down 0.3% to 1381 into this week’s FOMC meeting, consumer confidence and jobless reports.
CBOE Volatility Index (VIX) is recently up 67c to 18.70.