Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Analysts have recently released research reports suggesting the managed healthcare insurance stocks could move up if Mitt Romney wins and depending on who controls Congress. Healthcare insurance stock option implied volatility has recently risen.

Aetna (AET) overall option implied volatility of 41 is above its 26-week average of 31.

Humana (HUM) overall option implied volatility of 36 is above its 26-week average of 33.

Cigna (CI) overall option implied volatility of 29 is above its 26-week average of 26.

WellPoint (WLP) overall option implied volatility of 29 is near its 26-week average of 29.

UnitedHealth (UNH) overall option implied volatility of 32 is above its 26-week average of 26.

CBOE Volatility Index (VIX) is recently down 1.14 to 17.28. VIX November 16 puts and November 19 calls are active on total option volume of 159K contacts at the CBOE.

S&P 100 Options (OEX) is recently up 6.54.18 to $654.10 at midday as voters head to the polls across the country.