Volatility as an asset class
3M Company (MMM) is down $2.88 to $105.00 in early trading after the consumer and industrial product manufacturer revenue grew less than expected. Overall option implied volatility of 17 is near its 26-week average of 17.
Akamai (AKAM) is up $6.87 to $42.96 after the operator of a network of servers reported Q1 earnings rose 65%. Overall option implied volatility of 48 is above its 26-week average of 39.
Fusion-io (FIO) is higher by $2.62 to $19.25 after the date storage provider reported a better than expected Q3 loss. Overall option implied volatility of 62 is above its 26-week average of 58.
VIX methodology for iShares Silver Trust (VXSLV) closed at 34.66; above its 50-day moving average of 27.20.
CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 40.34, above its 50-day moving average of 32.24.
Options expected to be active on open; FSLR AAPL CLF MMM FCX ZNGA QCOM VOD INTU CTXS DD AMZN
CBOE S&P 500 BuyWrite Index (BXM) closed at $956; above its 10-day moving average of 948.73 and above its 50-day moving average of 937.76. www.cboe.com/BXM
CBOE Volatility Index (VIX) closed at 13.61 yesterday, and is lower by 0.24, below its 10-day moving average of 14.60, and its 50-day moving average of 13.73. www.cboe.com/VIX.
SPDR S&P 500 ETF Trust (SPY) is recently up 74c to $158.63 as corporate earnings improved investor sentiment.
Calls with increasing volume at CBOE yesterday:
GLW 8/17/2013 14 62K contracts
QQQ 5/18/2013 71 15K
AIG 8/17/2013 45 13K
PG 5/18/2013 82.5 10K
X 5/18/2013 22 10K
SPY 4/26/2013 158 10K
MBI 8/17/2013 16 10K
MSFT 6/22/2013 32 9K