Blogging Options: CBOE Morning Update

Volatility as an asset class

Walt Disney (DIS) is up $1.24 to $55.53 in the premarket on better than expected Q1 results. Overall option implied volatility of 21 is near its 26-week average of 22.

Zynga (ZNGA) is up 40.13 to $2.86 in the premarket after the online-game maker reported better than expedQ4 results. Overall option implied volatility of 74 is near its 26-week average of 73.

Shutterfly (SFLY) is higher by $5.51 to $39.10 the premarket after the photo sharing and printing website operator’s sales beat analyst expectations. Overall option implied volatility of 54 is near its 26-week average of 57.

CBOE Mini-NDX (MNX) closed at 275.50; above its 10-day moving average of 269.67.

CBOE Volatility Index (VIX) closed at 13.72, above its 10-day moving average of 13.48, and below its 50-day moving average of 15.29.

SPDR S&P 500 ETF Trust (SPY) is down 0.52 to 150.54 in the premarket as the Nikkei 225 closed up 3.77%, and as the DAX declines 1.27%.

Calls with increasing volume at CBOE:

S 4/20/2013 6 strike 39K contracts
WFT 4/20/2013 14 27K
NOV 5/18/2013 80 10K
DAL 3/16/2013 11 10K
SPY 3/16/2013 153 8K
AAPL 2/8/2013 460 8K
FB 2/8/2013 29 7K

For those worried about the US Postal Service not delivering on Saturday, keep in mind that your CBOE Community blog gives you interesting info throughout the whole weekend. Oil and Ag’s lower pre-market.