Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Oshkosh (OSK) is recently up $5.13 to $39.71 after beating quarterly earnings expectations and raising its FY13 profit view. February and March call option implied volatility of 25 is below its 26-week average of 34.

Netflix (NFLX) is recently up another 14% to $167.30 after gaining over 42% yesterday. February call option implied volatility is at 64, March is at 65; compared to its 26-week average of 65.

Select Comfort (SCSS) is recently down $5.07 to $23.13 after the mattress maker reported higher than expected expenses and a weak outlook.

VIX methodology for Apple (VXAPL) is recently down 2.4% to 31.92; below its 10-day moving average of 41.05.

CBOE Volatility Index (VIX) is recently up 12c to 12.81. VIX March 15 and 20 calls are active on total option volume of 239K contacts at the CBOE.

S&P 100 Options (OEX) is recently up $2.5 to $676.02 at midday following solid corporate results and revenue outlooks.