Blogging Options: CBOE Mid-day Update

Volatility as an asset class;

Carnival (CCL) is recently up 78c to $37.78 after the cruise operator guided FY12 adjusted EPS up to $1.83-$1.87. Overall option implied volatility of 26 is below its 26-week average of 29.

Staples (SPLS) is down 48c to $11.87 after a restructuring plan was announced. October put option implied volatility is at 36, November is at 44; above its 26-week average of 32.

Vail Resorts (MTN) is up $5.42 to $58.16 on an 11% jump in revenue from its ski areas in Colorado and California. October call option implied volatility is at 28, January is at 25; below its 26-week average of 32.

CBOE Volatility Index (VIX) is up 22c to 14.37. VIX October 19 and 20 calls are active on total option volume of 249K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 22c to $670.72 on rising Middle-East tension.

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