Blogging Options: CBOE Mid-day Update

Volatility as an asset class;

Hewlett-Packard (HPQ) is recently down $1.26 to $15.86 after guiding FY13 EPS to $3.40-$3.60, compared to consensus $4.18. October put option implied volatility is at 32, November is at 35 and January is at 38; above its 26-week average of 33.

Monsanto (MON) is recently down $1.28 to $15.85 after FY13 outlook misses expectations. October put option implied volatility is at 22, November is at 22, January is at 24; compared to its 26-week average of 26.

Corning (GLW) is recently up 26c to $13.59 after raising its quarterly dividend 20% to 9c per share. October call option implied volatility is at 25, November is at 35, January is at 31; compared to its 26-week average of 32.

S&P 100 Options (OEX) is recently up 3.16 to $669.16 at midday after ADP’s estimate of private sector hiring came in better expected.

CBOE Volatility Index (VIX) is recently down 55c to 15.16. VIX November 14 and March 19 puts are active on total option volume of 256K contacts at the CBOE.