Blogging Options: CBOE Mid-day Update

Volatility as an asset class;
 
Energizer (ENR) is recently up $7.63 to $75.55 after the company said it expects to achieve yearly pre-tax savings of $175M-$200M from its restructuring plans. October call option implied volatility is at 25, November is at 27; near its 26-week average of 26.

Intuit (INTU) is recently down 18c to $59. 99 on the company seeing Q1 revenue of $630M-$640M, compared to consensus $639.28M. October call option implied volatility is at 22, January is at 21; compared to its 26-week average of 26.
 
iShares Silver Trust (SLV) is recently up 59c to $33.59 as traders take positions on inflation concerns. Overall implied volatility of 32 is near its 26-week average of 33. September and October 33 calls are active on total option volume of 27K contracts at the CBOE.
 
CBOE Volatility Index (VIX) is recently down 13c to 14.46. September and October puts are active as traders roll positions into September expiration.

S&P 100 Options (OEX) is recently down 56c to 671.32 as traders take profits after last week’s rally.