Blogging Options: CBOE Mid-day Update 9.12.13

Volatility as an asset class

WebMD (WBMD) is recently up $7.03 to $33.99 after the health-information website reported stronger preliminary results and guidance. July and August call option implied volatility is at 56, September is at 55; compared to its 26-week average of 45.

Valero (VLO) is recently up 80c to $35.34 following the refiner released a cautious Q2 earnings outlook. July call option implied volatility is at 34, August and September is at 33; compared to its 26-week average of 34.

Boeing (BA) is recently down $6.63 to $100.32 on a plane fire at Heathrow closing runways, Reuters says. July weekly 102, 103, 104 and 105 puts are active.  July weekly call option implied volatility is above 260, July is at 36, August is at 32; compared to its 26-week average of 23.

CBOE Crude Oil Volatility Index (OVX) is recently down 4.1% to 23.58, WTI crude oil is recently up 0.73% to $105.68 www.CBOE.com/OVX
Actives:  AAPL BAC TSLA C FSLR VLO TXN GOOG BA

CBOE Volatility Index (VIX) is recently down 4c to 13.97. VIX July 14 and 15 puts are active on total option volume of 516K contacts at the CBOE.

S&P 100 Options (OEX) is recently down $1.46 to $749.70 on mixed bank earnings and weaker guidance from UPS.