Volatility as an asset class
Facebook (FB) is recently up $1.14 to $39.18 after Piper Jaffray raised its price target for the social media company to $46 citing the potential of the company’s reported video ad offering. September call option implied volatility is at 38, October is at 36, December is at 38; compared to its 26-week average of 38.
Revlon (REV) is recently up $1.75 to $26.24 after acquiring The Colomer Group in $660M all-cash transaction. August and September call option implied volatility is at 34, November is at 36; compared to its 26-week average of 37.
Tesla Motors (TSLA) is recently up $3.40 to $141.37 into the expected release of Q2 results on August 7. August weekly call option implied volatility is at 150, September is at 70, December is at 63; above its 26-week average of 55.
Actives: AAPL TSLA FB CLF POT BIDU DNDN C NFLX GOOG
CBOE Volatility Index (VIX) is recently up 9c to 12.07. VIX August 16 and 17 puts are active on total option volume of 287K contacts at the CBOE.
S&P 100 Options (OEX) is recently down 1.42 to $764.28 as U.S. service sector growth accelerated in July.