Blogging Options: CBOE Mid-day Update 7.25.13

Volatility as an asset class

General Motors (GM) is recently down38c to $36.74 Q2 margins declined due to new vehicle launches. August call option implied volatility is at 24, September and December is at 25; compared to its 26-week average of 28.

Southwest (LUV) is recently down 28c to $13.48 on a Q2 net drop of 1.8%.  August and September call option implied volatility is at 22, December is at 25; compared to its 26-week average of 24.

Harley-Davidson (HOG) is recently up 40c to $56.26 after reporting a Q2 profit increase of 9.9%. August call option implied volatility is at 23, September is at 25, November is at 24; compared to its 26-week average of 28.

Biogen (BIIB) is recently up $2.35 to $229.22 after reporting Q2 earnings rose 27%. August call option implied volatility is at 35, September is at 33; compared to its 26-week average of 33.

Under Armour (UA) is recently up $6.75 to $68.62 after the athletic-goods maker Q2 more than doubled.  August call option implied volatility is at 27, October is at 22; compared to its 26-week average of 37.

Akamai (AKAM) is recently up 72c to $44.59 after the internet technology company reported Q2 earnings rose 40%. August call option implied volatility is at 29, September is at 26, November is at 33; compared to its 26-week average of 42.

Las Vegas Sands (LVS) is recently down $1.10 to $53.85 after the casino and resort operator reported Q2 earnings more than doubles. July weekly call option implied volatility is at 43, August is at 26, September is at 25, December is at 27; compared to its 26-week average of 32.

Actives:  AAPL FB ZNGA BIDU GOOG C AMZN POT STX NFLX

CBOE Volatility Index (VIX) is recently up 6c to 13.24. VIX August 17 and  22 calls are active on total option volume of 242K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 1.65 to $755.74 on mixed earning reports.