Blogging Options: CBOE Mid-day Update

Stock Mover’s
 
Netflix-NFLX traded up to a record high of $301.50 this morning following Goldman Sachs raising its price target to $330 from $300. July 290 and 300 calls are active on total option volume of 90K contracts on the CBOE. August option implied volatility of 49 is near its 26-week average into the expected release of Q2 results in late July.

Volatility as an asset class
 
Alcoa-AA July 15, 16 and 17 calls are active into today’ expected release of Q2 results. July put option implied volatility is at 57, August is at 36, October is at 32; compared to its 26-week average of 34.
 
Yum! Brands-YUM overall option implied volatility of 23 is near its 26-week average of 23 into the expected release of Q2 results on July 14. 

CBOE Volatility Index-VIX up 2.81 to 18.76; S&P 500 recently down 2.02%