Blogging Options: CBOE Mid-day Update

Volatility as an asset class;
 
Apple (AAPL) is recently up $5.84 to $704.56 on the company starting to sell iPhone 5 in stores. September weekly call option implied volatility is at 19, October is at 22, November is at 26, compared to its 26-week average of 30.

Michael Kors (KORS) is recently up $2.69 to $55.19 as the high-end apparel designer raised Q2 and full-year earnings and revenue guidance. October call option implied volatility is at 47, November is at 54; compare to its 26-week average of 52.
 
Tibco Software (TIBX) is recently up 34c to $30.20 as the software maker reported Q3 earnings rose 11%. October call option implied volatility is at 30, November is at 32; compared to its 26-week average of 42.
 
CBOE Volatility Index (VIX) is recently down 16c to $13.91. October 20 and 22 calls active on 217K contracts.
 
S&P 100 Options (OEX) is recently up 1.56 to $674.22 on hopes Spain and the European Commission are working on package of economic reforms.