Blogging Options: CBOE Mid-day Update 4.24.13

Volatility as an asset class

VIX methodology for Apple (VXAPL) is recently down 27.2% to 31.51, below its 10-day moving average of 40.32 after inline Q2 results and mixed guidance.

Procter & Gamble (PG) is recently down $3.98 to $77.97 after the consumer products conglomerate reported weak organic sales. May call option implied volatility is at 15, June is at 14, October is at 13; compared to its 26-week average of 16.

AT&T (T) is recently down $2.23 to $36.77 after the communications carrier reported a larger than expected decrease in total revenue. May call option implied volatility is at 15, June is at 14, August is at 13; below its 26-week average of 17.

First Solar (FSLR) is recently up $4.88 to $45.34 on hopes for favorable renewable Washington legislation. May call option implied volatility is at 75, June is at 61; above its 26-week average of 53.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 35c to 1285.15, above its 10-day moving average of 1279.02 and its 50-day moving average of 1260.43. www.cboe.com/BXY

Options active into quarterly reports: MMM CVX AMZN QCOM WY UPS BIDU QCOM

CBOE Volatility Index (VIX) is recently up 9c to 13.57. VIX May 19 and 23 calls are active on total option volume of 172K contacts at the CBOE.

S&P 100 Options (OEX) is down 1.36 to $710.58 on strong corporate earnings and mixed 2013 financial guidance. www.cboe.com/OEX

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