Volatility as an asset class:
Apple (AAPL) is recently up 40c to $660.04 as the company introduces iPhone 5. September call option implied volatility is at 30, October is at 29, November is at 32, December is at 29; compared to its 26-week average of 30.
VIX methodology for Apple (VXAPL) is recently down 88c to 30.29. iPhone 5 weighs 112 grams, 20% lighter than the iPhone 4S.
Research In Motion (RIMM) is recently 1c to $7.47. Overall option implied volatility of 68 is near its 26-week average.
Nokia (NOK) is recently up 3c to $2.83. Overall option implied volatility of 83 is above its 26-week average of 76.
U.S. stocks are mixed to higher as European equity markets rallied after the German Federal Constitutional Court backed permanent rescue funds with liability caps.
CBOE Volatility Index (VIX) is recently down 36c to 16.05. October 25 and 30 call are active on total option volume of 323K contacts at the CBOE.