Volatility as an asset class
Trulia (TRLA) is up $4.09 to $33.15 after the real-estate-listing company’s service revenue nearly doubled. May option implied volatility is at 64, June is at 55, September is at 57; compared to its 26-week average of 56.
Genworth (GNW) is higher by 48c to $10.51 as its U.S. mortgage insurance unit reported its first profit in five years. May call option implied volatility is at 36, June is at 34, September is at 37, December is at 39; below its 26-week average of 45.
IAC/InterActive (IACI) is up $0.76 to $47.84 after the internet property company reported a Q1 profit increase of 56%. May call option implied volatility is at 31, June is at 30, July is at 29; below its 26-week average of 34.
CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 0.3% at 1289.95, above its 10-day moving average of 1282.09 and its 50-day moving average of 1265.67. www.cboe.com/BXY
Actives: AAPL MRK AMZN AGN MGM C FB SIRI X
CBOE Volatility Index (VIX) is up 0.85 to 14.34. VIX May 16 calls are active on total option volume of 143K contacts at the CBOE.
S&P 100 Options (OEX) is recently down 3.97 to $715.01 into the FOMC releasing its policy statement. www.cboe.com/OEX.
Soft economic numbers coupled with surge in Crude stocks (low demand?) weighing on stocks. NFP tomorrow before opening. Cleared option contract volume for April was 376,392,187, a 17% increase from April of 2012.