Housing Starts with a slight miss, economic news out of China somewhat murky. After yesterdays wild ride, overseas markets higher, as are US futures. Industrial Production and Cap Use released shortly. Options Expiration tomorrow with Good Friday trading holiday.
Volatility as an asset class
Yahoo! (YHOO) is up $2.49 to $36.80 in the premarket after reporting Q1 EPS of $0.38, $0.01 better than the analyst estimates. Also, Alibaba, the fast growing e-commerce giant in which Yahoo owns a 24% stake, said revenue surged 66% year-over-year to $3B. April call option implied volatility is at 76, May is at 46, June is at 39; compared to its 26-week average of 35.
Intel (INTC) is down $0.07 to $26.70 after reporting a 4.8% decline in Q1 profit. April call option implied volatility is at 41, May is at 21, June and October is at 19; compared to its 26-week average of 21.
Bank of America (BAC) is down $0.16 to $16.24 in the premarket, Q1 earnings hurt by resolving more mortgage issues. Overall option implied volatility of 26 is at its 26-week average.
Options expected to be active @ CBOE: BAC TWTR YHOO INTC FB PLUG GE TSLA
CBOE S&P 500 PutWrite Index (PUT) at 1396.30, compared to its 10-day MA of 1399.52 and its 50-day moving average of 1391.08. cboe.com/PUT