Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
 
Chevron (CVX) is recently up 77c to $112.08. August call option implied volatility is at 17, September is at 16; below its 26-week average of 21 following a refinery fire in California.
 
CVS Caremark (CVS) is recently down 77c to $44.13 following the company seeing Q3 adjusted EPS 81c-83c, consensus 83c. August call option implied volatility is at 19, September is at 17, November is at 19; below its 26-week average of 23.
 
MGM Resorts (MGM) is recently up 94c to $10.33 after reporting Q2 revenue $2.51B, consensus $2.35B. August call option implied volatility is at 41, September and December is at 38; compared to its 26-week average of 46.
 
Elan Corp (ELN) is recently down 40c to $10.86 on bapineuzumab study not meeting primary endpoints. August call option implied volatility is at 46, September is at 43, October is at 45; below its 26-week average of 65.
 
S&P 100 Options (OEX) is near its daily high as U.S., Spanish and Italian note prices declined. The CBOE Volatility Index (VIX) is down 26c to $15.69.