Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Comcast (CMCSA) is recently up 73c to $37.09 on its Q3 profit more than doubling. November, December and January call option implied volatility of 19 is below its 26-week average of 24.

Moody’s (MCO) is recently up $1.70 to $47.41 on Q3 net increasing 41% on rating business growth. November and January call option implied volatility of 26 is below its 26-week average of 31.

Arch Coal (ACI) is recently up 76c to $8.07 after the coal producer reported better than expected results on lower costs. November call option implied volatility is at 69, December and January is at 62; below its 26-week average of 73.

Goodyear Tire (GT) is recently down $1.28 to $11.02 on earning miss driven by weak volume. November put option implied volatility is at 39, December and January is at 40; below its 26-week average of 44.
 
S&P 100 Options (OEX) is recently down 2.50 to $644.84 on GDP rising 2% and mixed corporate earnings reports.

CBOE Volatility Index (VIX) is recently up 34c to 18.46. VIX November 20 and 21 calls are active on total option volume of 136K contacts at the CBOE.