Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Bank of America (BAC) is recently down 70c to $11.57 after the banker reported less than expected Q1 results and loan growth.  May call option implied volatility is at 31, June is at 28; below its 26-week average of 35.

Mattel (MAT) is recently up $1.44 to $44.73 as it Q1 profit increased on strong demand for American Girl and Monster High dolls. May call option implied volatility is at 20, July is at 21; compared to its 26-week average of 23.

Apple (AAPL) is recently down $24.40 to $402 as shares pullback to 52-week low into its expected release of Q2 results on April 23.  May call option implied volatility is at 41, June is at 33, October at 31; compared to its 26-week average of 33.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 19.80 to 1267.35, below its 10-day moving average of 1280.94 and above its 50-day moving average of 1256.07. www.cboe.com/BXY

Options active at CBOE: AAPL BAC ABX C GS BHP INTC S FCX KO

Active ETF & indexes at CBOE:  SPX RUT NDX OEX SPXP DJX EEM GLD SLV DIA SPY

CBOE Volatility Index (VIX) is recently up 3.18 to 17.14. VIX May 20 and 30 calls are active on total option volume of 516K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 10.96 to $699.16 as investors again sell on their concern global growth is slowing down.

  • jerrold minyard

    Is anyone awhere of the golden cross on $GVZ?