Blogging Options: CBOE Mid-day Update 4.18.13

Volatility as an asset class

United Health Care (UNH) is recently down $2.23 to $59.79 after the health insurer updated its financial outlook for 2013.  May call option implied volatility is at 25, September is at 20; compared to its 26-week average of 23.

Morgan Stanley (MS) is recently down 89c to $20.58 after the investment bank reported a Q1 profit, however posted disappointing bond-trading results.  May call option implied volatility is at 31, July is at 30; below its 26-week average of 38.

Auto Nation (AN) is recently up $1.40 to $43.88 after the automotive retailer reported Q1 earnings rose 14%.  May call option implied volatility is at 27, July is at 24; compared to its 26-week average of 27.

Nokia (NOK) is recently down 42c to $3.16 on lower than expected mobile phone shipments and declining revenue. May call option implied is at 65, June is at 75, July is at 72; compared to its 26-week average of 68.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 5.45 to 1263.70, below its 10-day moving average of 1280.15 and above its 50-day moving average of 1256.81.


CBOE Volatility Index (VIX) is recently up 87c to 17.38. VIX May 15 and 17 puts are active on total option volume of 315K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 3.22 to $696.96 on weaker than expected economic data.

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