Blogging Options: CBOE Mid-day Update 3.28.13

Volatility as an asset class

Accenture (ACN) is recently up 63c to $75.51 after the global management consulting, technology service and outsourcing company reported Q2 earnings rose 71%. April call option implied volatility is at 14, May is at 15, August is at 16; below its 26-week average of 25.

GameStop (GME) is recently up 87c to $27.31 after the game retailer reported Q4 profit increased 49%. April call option implied volatility is at 34, May, July and October is at 36; below its 26-week average of 42.

Finish Line (FINL) is recently up $1.12 to $19.39 after the athletic-gear retailer reduced Q4 overhead costs by 6.8%. April call option implied volatility is at 31, May is at 29, August is at 31; below its 26-week average of 42.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently at a record high, up 1.70 to 1275.90, above its 10-day MA of 1268.78, above its 50-day moving average of 1239.95. www.cboe.com/BXY

Active options at CBOE: AAPL NFLX CLF GOOG C  AMZN BIDU FB BBRY GILD

CBOE Volatility Index (VIX) is recently down 13c to  13.02. VIX April 18 and 25 calls are active on total option volume of 119K contacts at the CBOE.

S&P 100 Options (OEX) is recently up 70c to $703.62 on the last trading day of the quarter.