Blogging Options: CBOE Mid-day

Volatility as an asset class

Yahoo (YHOO) is recently up 84c to $26, near a five-year high.  May and June call option implied volatility is at 25, July is at 27, October is at 26; compared to its 26-week average of 28.

Lexmark (LXK) is recently down 93c to $30 after the printer maker hit a new 52-week high after providing a financial update. May call option implied volatility is at 38, June and July is at 36, October is at 37; compared to its 26-week average of 38.

First Solar (FSLR) is recently down $4.18 to $43.50 after the solar-panel maker reported adjusted earnings came in below its own forecast. May call option implied volatility is at 54, June is at 55, July is at 53; compared to its 26-week average of 53.

DirecTV (DTV) is recently up $3.61 to $61.57 after the satellite television provider reported improving earnings and revenue.  May call option implied volatility is at 22, June and September is at 19; compared to its 26-week average of 23.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 70c to 1300, above its 10-day moving average of 1292.18 and its 50-day moving average of 1271.55. www.cboe.com/BXY

Actives:  AAPL BP WMT TSLA FSLR BAC C GOOG BAX

CBOE Volatility Index (VIX) is recently up 5c to 12.70. VIX May 13 calls and 14 puts are active on total option volume of 269K contacts at the CBOE.

CBOE DJIA Volatility Index (VXD) is recently down 0.6% to 11.64. www.cboe.com/VXD

S&P 100 Options (OEX) is recently up 1.34 to $728.48 on corporate earnings and accommodating Federal Reserve policy.