Blogging Options: CBOE Morning Update 5.3.13

Volatility as an asset class

Linkedin (LNKD) is down $17.68 to $183.99 in the pre=market after the business network company reported less than expected Q2 revenue expectations. Overall option implied volatility of 49 its above 26-week average of 43.

AIG (AIG) is up $1.17 to $43.30 in the premarket after the global insurer reported better than expected Q1 operating profit of $1.98B. Overall option implied volatility of 30 is near its 26-week average of 29.

Weight Watchers International (WTW) is higher by $3.74 to $46.05 in the premarket after the weight-management services company reported better than expected Q1 results. Overall option implied volatility of 52 is above its 26-week average of 39.

VIX methodology for iShares Silver Trust (VXSLV) closed at 33.74; above its 50-day moving average of 28.27.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 51.46, above its 50-day moving average of 34.06.

Options expected to be active on open; BBRY FB NOK WTW AMZN GOOG AIG LNKD FCX

CBOE S&P 500 BuyWrite Index (BXM) closed at $960.26; above its 10-day moving average of 955.10 and above its 50-day moving average of 941.56. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 13.59, below its 10-day moving average of 13.89, and its 50-day moving average of 13.82. www.cboe.com/VIX

Calls with increasing volume at CBOE:

HSH 7/20/2013 34 18K contracts
SPY 5/3/2013 159 16K
EXPD 5/18/2013 37.50 12K
EEM 5/18/2013 44 9K
ORCL 1/18/2014 35 8K
AAPL 5/3/2013 450 8K

SPDR S&P 500 ETF Trust (SPY) is recently up 1.00 to $160.75 on April Nonfarm Payrolls rising to 165K, compared to 140K to 148k estimates, Jobless rate drops from 7.6% to 7.5%.
March and Feb numbers revised higher by ~50k,  Participation rate remains at lowest level since 1979, at 63.3%