Blogging Options: CBOE Mid-day Update

Volatility as an asset class:

Best Buy (BBY) is recently down $1.52 to $18.75 on company’s appointment of a new chief executive officer and the rejection of the founder’s takeover offer. September put option implied volatility is at 59, October is at 55; above its 26-week average of 45.

Apple (AAPL) set a new record high of $664.90. August weekly call option implied volatility is at 30, September is at 24, October is at 26 compared to its 26-week average of 31. August 660 and 665 calls area active on total CBOE volume of 300K contracts.
 
Aetna (AET) is recently up $1.73 to $39.73 on the acquisition of Coventry Health Care (CVH) in a transaction valued at $7.3B, including the assumption of Coventry debt. Aetna September and October option implied volatility is at 25, October is at 28; compared to its 26-week average of 27.

S&P 100 Options (OEX) is recently down 68c to 650.90.

CBOE Volatility Index (VIX) is recently up 85c to 14.30. VIX August 15 and September 14 puts are active on total option volume of 298K contacts at the CBOE.