Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Monster Worldwide (MWW) is recently up 95c to $6.65 following its stronger than expected earnings report and announcement of restructuring plans. November call option implied 89, December and January is at 69; compared to its 26-week average of 68.

Qualcomm (QCOM) is recently up $3.67 to $61.81 on better than expected results and guidance. November, December and January call option implied volatility is at 23; below its 26-week average of 26.

Universal Display (PANL) is recently down $5.19 to $23 after the lighting technology company lowered its FY12 revenue view, which prompted analyst downgrades. November, December and January put option implied volatility of 58 is near its 26-week average of 59. 
CBOE Interest Rate 5 Year Note (FVX) is recently down 2% to 6.49 as Treasury’s rally to a fresh record high.

CBOE Volatility Index (VIX) is recently down 4.1% to 18.30. VIX November 19 and 20 calls are active on total option volume of 206K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 3.94 to $632.38 as investors sell into the expected increase of long-term capital gains taxes.