Blogging Options: CBOE Mid-day Update

Volatility as an asset class;

Questcor (QCOR) is recently down $19.32 to $31.33 on worries about Aetna (AET) coverage of Questcor’s drug Acthar. October put option implied volatility is at 138, January is at 88; compared to its 26-week average of 56.
 
Eaton (ETN) is recently up $1.10 to $48.75 after reaffirming FY12 EPS $4.09-$4.39. October call option implied volatility is at 24, January is at 23; compared to its 26-week average of 27.
 
Swift Transportation (SWFT) is recently up 63c to $8.39 on the company seeing Q3 adjusted EPS 20c-23c, consensus 23c,
 
S&P 100 Options (OEX) is recently up 1.70 to $673.58 as investors reacted positively to housing market data.

CBOE Volatility Index (VIX) is recently down 38c to 13.80. Front month October 20 and 24 calls are active on total option volume of 487K contacts at the CBOE.

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

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