Blogging Options: CBOE Mid-day Update

Volatility as an asset class:
 
Pandora (P) is recently up $2.19 to $12.27 after boosting its guidance and several analysts then raising their rating to Buy from Hold. September call option implied volatility is at 55, December is at 57; below its 26-week average of 66.
 
Ciena (CIEN) is recently down $3.09 to $13.63 after reporting a larger than expected Q3 adjusted EPS loss and weak guidance. September put option implied volatility of 60 remains above its 26-week average of 54.
 
Amazon.com (AMZN) is traded up to a record high of $250 on the company saying the Kindle Fire is sold out. Overall option implied volatility of 32 is below its 26-week average of 36.
 
SPXpm electronically-traded S&P 500 Index options (SPXpm) are recently down 0.8% to 1399.75 as traders adjust positions into Ben Bernanke’s Jackson Hole speech and next week’s European Central Bank meetings.
 
CBOE Volatility Index (VIX) is recently down 72c to 17.78, above its 10-day moving average of 15.64 and its 50-day MA of 16.83.