Volatility as an asset class
Google (GOOG) continues lower, now down 8 points to $777 on Chairman Eric Schmidt plans to sell 3.2M shares of company. Overall option implied volatility of 21 is below its 26-week average of 26.
Apple (AAPL) rallied from a $2 drop pre-market to tack on a 6 point gain to $481 on media reports the company is experimenting with designs for a watch-like device that would perform some functions of a smart phone (Dick Tracy to you oldtimers). Overall option implied volatility of 29 is below its 26-week average of 32.
Celgene (CELG) is back to unchanged after an almost $2 rally pre market. The biopharmaceutical company said Revlimid for relapsed or refractory multiple melanoma was granted full approval by China SFDA. Overall option implied volatility of 29 is near its 26-week average.
CBOE China ETF Volatility Index (VXFXI) closed at 19.41, near its 10-day moving average of 19.89 and below its 50-day moving average of 21.66. www.cboe.com/VXFXI
CBOE Volatility Index (VIX) closed at 13.02, below its 10-day moving average of 13.67, and its 50-day moving average of 15.16. It is currently up 0.29 to 13.31.
Calls with increasing volume at CBOE:
SPY 2/8/2013 152 41K contracts
NXY 2/16/2013 27 18K
AAPL 2/8/2013 480 17K
BYD 2/16/2013 8 12K