Volatility as an asset class
JPMorgan (JPM) is down $2.54 to $56.29 after reporting Q4 EPS $1.19, consensus $1.31. January call option implied volatility is at 29, February is at 24, April is at 23, June is at 22; compared to its 26-week average of 19.
Wells Fargo (WFC) is off 79c to $51.06 after reporting in line Q4 EPS of $1.02. January call option implied volatility is at 23, February and April is at 20; compared to its 26-week average of 18.
General Motors (GM), down 3% after giving 2015[...]