Volatility as an asset class
J.B. Hunt (JBHT) is up $2.62 to $57.41 in the premarket on Q3 earnings rising 14% as the trucking company’s intermodal division posted strong results. Overall option implied volatility of 38 is above its 26-week average of 28.
AMD (AMD) is down 27c to $2.93 in the premarket after the chipmaker lowered Q3 guidance. Overall option implied volatility of 62 is above its 26-week average of 49.
JPMorgan (JPM) is up 20c to $42.30 after reporting Q3 EPS $1.40, compared to consensus $1.21. Overall option implied volatility of 27 is near its 26-week average.
CBOE Volatility Index (VIX) closed at 15.59, near its 10-day moving average of 15.54 and 50-day MA of 15.43.
Calls with increasing volume at CBOE;
S 11/17/2012 6 26K contracts
NFX 12/22/2012 40 20K
CLWR 11/17/2012 2.5 17K
PCS 11/17/2012 13 13K 532
FXI 11/17/2012 38 12K
XLF 11/17/2012 16 11K
U.S. stocks are mixed to higher, WFC $34.30, off $0.88 after lower Q3 revenues. September PPI up 1.1%, Core Unchanged (Core expected up 0.2%).