Volatility as an asset class
Pandora (P) is recently down $3.29 to $15.12 on a Q4 revenue miss on weakness in several ad verticals and weaker than expected listener hours. February call option implied volatility is at 56, March is at 54, June is at 53; compared to its 26-week average of 62.
Expedia (EXPE) is recently down $9.85 to $78.15 on the Q4 miss driven by FX headwinds, rate pressure, and increasing losses in China. February call option implied volatility is at 35, March is at 31, April is[...]