Shares are slightly off by 1% to $25.02. BCSI announced plans yesterday to cut approximately 10% of its staff as part of a new restructuring plan. Blue Coat also revealed it will acquire S7 Software Solutions – a software R&D firm based in Bangalore, India – for approximately $5.25 million. Implied volatility edged up from 54% to the current reading of 57%. NVDA – NVIDIA Corp. – Third-quarter earnings of 19 cents per share for the semiconductor company beat street estimates by about 9 cents and sent shares up more than 6% to $13.04. Option implied volatility contracted 22.22% to 41.78% following earnings. Investor exchanged more than 8 call options to each put contract in play on the stock. Upwards of 27,300 option contracts changed hands on NVDA by 10:30 am (EDT).