Blogging Options: CBOE Afternoon Update

Volatility as an asset class

Fastenal (FAST) is up over 8.3% after the company reported in-line results for Q3 and raised its dividend. Overall option implied volatility of 37 is above its 26-week average of 34.

Safeway (SWY) is down $0.50 (3%) after its earnings beat expectations but its revenues missed consensus forecasts. Overall option implied volatility of 44 is above its 26-week average of 34.

Dollar Tree (DLTR) is down $3.30, 7%, after saying its sees its Q3 sales coming in at the low end of its prior forecast. October call option implied volatility is at 32, November is at 34, January is at 28; compared to its 26-week average of 27.

CBOE Volatility Index (VIX) is recently down 59c to 15.70. VIX November 23 and 28 calls are active on total option volume of 244K contacts at the CBOE.

S&P 100 Options (OEX) is recently up 0.76 to $660 as jobless claims fell.