Volatility as an asset class
Polaris Industries (PII) is recently up $4.81 to $146.18 on better than expected Q4 EPS $1.98 of and 2015 sales guidance of up 9%-12%. February call option implied volatility is at 23, March is at 22, June is at 23; compared to its 26-week average of 28.
Freeport McMoRan (FCX) is recently down $1.08 to $18.46 after reports Q4 adjusted EPS 25c, consensus 35c. February call option implied volatility is at 47, March is at 45, May is at 43; compared to its 26-week average[...]