Blogging Options: CBOE Mid-day Update

Volatility as an asset class

General Motors (GM) is recently down 25c to $25.53 after announcing November sales of 186,505 vehicles, up 3.4%. Overall option implied volatility of 31 is below its 26-week average of 34.

Ford (F) is recently up 8c to $11.54 after announcing November sales rose 6.5% to 177,673 units. Overall option implied volatility of 29 is below its 26-week average of 31.

Toyota Motor (TM) is recently down 6c to $86.02 after announcing U.S. sales November sales increased 17% to 161,695 units. Overall option implied volatility of 21 is near its 26-week average.

CBOE Volatility Index (VIX) is recently up 25c to 16.12. VIX December 15 puts and December 20 calls are active on total option volume of 223K contacts at the CBOE.

CBOE VIX futures; Dec @ 15.75, Jan 17.15 @ Feb @ 18.25, March @ 19.20 April @ 20.30 May @ 21.05 June @ 21.70 July @ 22.35 Aug @ 22.79 http://cfe.cboe.com/
 
S&P 100 Options (OEX) is recently down 26c to $646.68 at midday as negotiations in Washington continue to avoid the fiscal cliff.