Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
Advance Auto Parts (AAP) is down $13.48 to $68.64 on 6.3 million shares after reporting Q1 revenue of $1.96B; below consensus estimates of $2B. June put option implied volatility is at 37, September is at 36; above its 26-week average of 32.

Boyd Gaming (BYD) is up 14c to $7.17 on the acquisition of Peninsula Gaming for $1.45B. June call option implied volatility is at 60, September and December is at 59; above its 26-week average of 55.
 
Limited (LTD) is recently down $1.87 to $46.10 on 5 million + sharesafter reporting Q1 revenue of $2.15B, near consensus estimates of $2.14B. June put option implied volatility is at 33, August is at 35; compared to its 26-week average of 35.
 
VIX methodology for Apple (VXAPL) +6.8% to 36.71.
 
 
CBOE Volatility Index (VIX) is at upper end of five-month range as stock index’s and Apple (AAPL, $531.75) trending lower.
 
CBOE Volatility Index (VIX) is recently up 15c to 22.42. VIX June 30 and 35 calls are active on total option volume of 279K contracts.

Bring on FB.