Blogging Options: CBOE Afternoon Update

Volatility as an asset class:

Heinz (HNZ) is up $0.86 to $57.32 on the company seeing Q1 EPS of 87c, compared to consensus 80c. Overall option implied volatility of 16 is near its 26-week average.
PVH Corp. (PVH) is up $4.20 to $92.69 following the apparel manufacturer announcing better than expected earnings. September call option implied volatility is at 29, October and December is at 33; compared to its 26-week average of 37.
Lexmark (LXK) is up $2.68 to $21.68 after announcing it will no longer develop or manufacture business inkjet hardware. Overall option implied volatility of 41 is above its 26-week average of 35.

CBOE Volatility Index (VIX) is recently up 14c to $16.21 on total volume (as of noon) of 143K contracts.

SPXpm electronically-traded S&P 500 Index options (SPXpm) are off .20 to 1410.35 mixed into next week’s European Central Bank meetings. 2-year auction classified as weak. Volume today close to yesterday’s yawner.