Blogging Options: CBOE Mid-Day Update 4.29.13

Volatility as an asset class

Moody’s (MCO) is up $4.85 to $59.98 after the credit rating firm reached a major settlement in the Abu Dhabi case. May call option implied volatility is at 38, June is at 31, August is at 30 compared to its 26-week average of 28.

Microsoft (MSFT) is higher by $0.70 to $32.50, near a 64-month high.  May weekly call option implied volatility is at 31, June, August and October is at 20; compared to its 26-week average of 24.

SINA (SINA) is up $5.16 to $55.53 after Alibaba announced a $586M investment into the Chinese internet company’s social network platform, Weibo. May call option implied volatility of 67, June is at 48; above its 26-week average of 46.

VIX methodology for Apple (VXAPL) +5.6% to 28.07, below a level of 42.71 from a week ago.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 5.05 to 1291.75, above its 10-day moving average of 1279.41 and its 50-day moving average of 1263.57. www.cboe.com/BXY

Actives:  AAPL ABX C SINA PBR BIDU AMZN GOOG ABX NFLX

CBOE Volatility Index (VIX) is recently down 0.24 to 13.37. VIX May 15 and 25 calls are active on total option volume of 125K contacts at the CBOE.

S&P 100 Options (OEX) is recently up 4.88 to $717.34, markets seem to like stability in Italy forming a government. www.cboe.com/OEX