Volatility as an asset class
Lumber Liquidators (LL) is recently down $10.57 to $41.22 after '60 Minutes' alleges floor may violate health and safety violations. March put option implied volatility is at 107, April is at 89, May is at 76; compared to its 26-week average of 52.
Aruba Networks (ARUN) is recent down 36c to $24.45 after HP (HPQ) announced its acquiring the network company for $3B. March call option implied volatility is at 16, April is at 17; compared to its 26-week average of[...]