Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Monster Beverage (MNST) is recently up $2.43 to $52.03 after the energy-drink maker reported double –digit sales growth. March call option implied volatility is at 42, April is at 44, June is at 41; compared to its 26-week average of 46.

Universal Display (PANL) is recently up $4.50 to $32.40 after the holder of key patents on OLED reported better than expected emitter sales. March call option implied volatility is at 60, April is at 55, June is at 57; compared to its 26-week average of 55.

Kohl’s (KSS) is recently down 19c to $46.41 after the department store operator reported Q4 earnings fell 17%. March, April and July call option implied volatility of 22 is below its 26-week average of 27.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 2.65 to 1236.55, above its 10-day moving average of 1229.84. www.cboe.com/BXY

Active options at CBOE: AAPL BAC NFLX TXN STZ DELL MCP HPQ GOOG C.

CBOE Volatility Index (VIX) is recently down 12c to 14.61. VIX March 15 and 16 calls are active on total option volume of 242K contacts at the CBOE.

S&P 100 Options (OEX) is recently up $1.32 to $684.98 on initial unemployment claims for the week ended Feb.23 came in below estimates.