Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Carmax (KMX) is recently up $3 to $37.94 after the company said used vehicle sales improved significantly, with total used units climbing 16% and comparable store used units up 12%. January call option implied volatility is at 28, April is at 33; compared to its 26-week average of 33.
 
Darden Restaurants (DRI) is recently down $1.36 to $45.45, the full-service restaurant company, sees FY13 EPS $3.29-$3.49, compared to consensus $3.39. January and April call option implied volatility of 25 is near its 26-week average.

ConAgra Foods (CAG) is recently up 29c to $30.25 after the topped Q2 expectations and raised its full year view. January and March call option implied volatility of 15 is near its 26-week average of 16.

CBOE Volatility Index (VIX) is recently up 11c to 17.48. VIX January 17 puts and Jan 22 calls are active on total option volume of 432K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 2c to $652 as investors wait for additional clarity on fiscal cliff budget talks.