Blogging Options: CBOE Morning Update

Volatility as an asset class:
 
Consumer Discretionary Sector SPDR (XLY) overall option implied volatility of 19 is near its 26-week average of 20.
 
Industrial Select Sector SPDR (XLI) overall option implied volatility of 21 is below its 26-week average of 22.
 
Financial Select Sector (XLF) overall volatility of 25 is near its 26-week average.
 
S&P Select Materials SPDR (XLB) overall option implied volatility of 27 is near its 26-week average of 26.
 

 
CBOE Nasdaq-100 Volatility Index (VXN) T 18.65, below 10-day moving average of 19.62, 50-day moving average of 22.10. www.cboe.com/VXN
 
Calls with increasing volume at CBOE
 
SPY 7/6/2012 136 21K contracts
 
AAPL 7/6/2012 605 21K
 
RIMM 7/6/2012 8 8K
 
CTSH 7/21/2012 80 7K

 
CBOE Volatility Index (VIX) closed at 17.10, 10-day moving average is 18.25, 50-day moving average is 20.46.

U.S. equities are mixed to lower as European stocks retreat and China GDP misses by one tick Alcoa starts the 2Q earnings season after the bell..