Blogging Options: CBOE Mid-day Report

Volatility as an asset class:
 
Sealed Air (SEE) is recently up $1.08 to $14.08 after the company announced the retirement of its CEO in 2013. September call option implied volatility is at 36, January is at 33; compared to its 26-week average of 34.

Yelp (YELP) is recently up $3.54 to $21.80 following the lockup expiration of about 52.7M shares today. Overall option implied volatility of 61 is above its 26-week average of 56.
 
Apple (AAPL) is recently trading up 24c to $675.06 as shares consolidate after trading at a record high of $68.87 on August 27. September call option implied volatility is at 24, October is at 26; below its 26-week average of 30.
 
SPXpm electronically-traded S&P 500 Index options (SPXpm) is recently up 3.50 to 1412.75 into next week’s European Central Bank meetings.
 
CBOE Volatility Index (VIX) is recently up 10c to 16.59. The VIX is trading above its 10-day moving average of 15.24 and its 50-day MA of 16.91.