Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Intuit (INTU) is recently up 93c to $62.25 after reporting a Q2 operating upside and a strong start to tax season. March call option implied volatility is at 19, April is at 20, July is at 62; compared to its 26-week average of 23.

Nordstrom (JWN) is recently down 57c to $53.99 after giving conservative guidance. March call option implied volatility is at 21, April and July is at 20; compared to its 26-week average of 26.

WebMD (WBMD) is recently up $4.22 to $20.52 after the health-information provider reported better than expected revenue and guidance. March call option implied volatility is at 58, April is at 49, June is at 57; compared to its 26-week average of 57.

CBOE S&P 500 BuyWrite Index (BXM) is recently up $4.56 to $923.04; below its 10-day moving average of 925.65. www.cboe.com/BXM

CBOE Volatility Index (VIX) is recently down 86c to 14.36. VIX March 16 and 18 calls are active on total option volume of 264K contacts at the CBOE.

S&P 100 Options (OEX) is recently up $3.66 to $682.04 on better than expected corporate results from companies like Hewlett-Packard and AIG.