Blogging Options: CBOE Mid-day Update 8.1.13

Volatility as an asset class

Proctor & Gamble (PG) is recently down $5.52 to $595.50 on Q2 profits beating estimates.  August and September call option implied volatility is at 12, October is at 13, January is at 14; compared to its 26-week average of 16.

Clorox (CLX) is recently down 48c to $85.46 on Q4 earnings beating estimates on light sales. August and September call option implied volatility is at 13, October is at 12, January is at 13; compared to its 26-week average of 14.

Exxon Mobil (XOM) is recently down $1.67 to $92.08 on weak Q2 refining margins. August and September call option implied volatility is at 13, October and January at 12; compared to its 26-week average of 15.

ArcelorMittal (MT) is recently down 49c to $12.48 after the international steel producer lowered FY13 EBITDA view to over $6.5B from over $7.1B. August call option implied volatility is at 36. September is at 34, December is at 35; compared to its 26-week average of 41.

Actives:  AAPL POT DELL FB V C GOOG LNKD BAC

CBOE Volatility Index (VIX) is recently up 56c to 12.89. VIX August 13, 15 and 16 calls are active on total option volume of 261K contacts at the CBOE.

S&P 100 Options (OEX) is recently up $7.04 to $762.26 on central banks maintaining economic stimulus and solid corporate earnings.