Volatility as an asset class
Alibaba (BABA) is recently up $5.57 to $85.59 after reporting quarterly results and new CEO. May call option implied volatility is at 31, June is at 27, July is at 26; compared to its 26-week average of 34.
Priceline.com (PCLN) is recently down $42.15 to $1,222.07 on below consensus Q2 outlook on currency and growth conservatism. May call option implied volatility is at 24, June is at 23, July is at 22; compared to its 26-week average of 32.
TripAdvisor (TRIP) is[...]