Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
 
Barnes & Noble (BKS) is recently down 29c to $12.07 after reporting Q1 revenue of $1.5B, compared to consensus $1.48B. September October put option implied volatility is at 69, January is at 77; compared to its 26-week average of 67.
 
Best Buy (BBY) is recently down 23c to $17.93 after reporting weak Q2 earnings, suspending outlook and buyback. September put option implied volatility is at 47, October is at 52, December is at 55; compared to its 26-week average of 45.

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 1c to 11.20. August weekly call option implied volatility is at 73, September is at 80, October is at 81; compared to its 26-week average of 82.
 
CBOE Volatility Index (VIX) is recently up 54c to 14.56. VIX September 23 and 32 calls are active on total option volume of 294K contacts at the CBOE.
 
U.S. stocks are mixed to higher as Treasury’s are near a three-month high