Blogging Options: CBOE Mid-day Update 4.15.13

Volatility as an asset class

SPDR Gold Trust (GLD) is recently down $10.79 to $133.15 as gold sells off 7.96% to $1,375. April call option implied volatility is at 47, May is at 37, June is at 24, July is at 23; compared to its 26-week average of 16. May 134, 135 and 136 calls are active on total volume of 676K contracts at the CBOE.

iShares Silver Trust (SLV) is recently down $2.56 to $22.72 as silver trades down 10.88%. April call option implied volatility is at 62, May is at 50, June is at 37, July is at 32, October is at 29; compared to its 26-week average of 25. April 23, 24 and 25 calls are active on total call volume of 162 contracts at CBOE on 491K contracts.

United States Oil Fund (USO) is recently down 75c to $31.80 as WTI oil trades down 2.85% to $88.42. April call option implied volatility is at 34, May is at 23, June is at 22, July is at 21; compared to its 26-week average of 25.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 12.25 to 1283.20, above its 10-day moving average of 1281.80 and its 50-day moving average of 1254.21. www.cboe.com/BXY

Options active at CBOE: AAPL S ABX C NFLX LIFE VXX X GG GLD SLV EEM SPY GDX.

CBOE Volatility Index (VIX) is recently up $2 to 14.06. VIX April 14 calls and April 13 puts are active on total option volume of 457K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 7.94 to $707.44 as commodity’s sell off on China slowing growth concerns.