Volatility as an asset class
J.C. Penney is recently down 45c to $8.67 after posting a surprise Q4 loss as higher operating expenses offset higher-than-expected sales. March weekly call option implied volatility is at 48, March calls are at 42, April is at 35; compared to its 26-week average of 54.
Weight Watchers (WTW) is recently down $5.81 to $11.70 on a Q4 loss and plans to cut $100M in costs. March call option implied volatility is at 75, April is at 84, July is at 73; compared to its 26-week[...]