Blogging Options: CBOE Morning Update 5.7.13

Volatility as an asset class

Ruckus Wireless (RKUS) is  down $4.21 to $14.79 at the opening after the Wi-Fi networking company reported a Q1 profit decrease of 92%.  Overall option implied volatility of 82 is above its 21-week average of 74.

EOG Resources (EOG) is up $10.00 to $136 after reporting a 53% increase in revenue on a better than expected natural-gas and oil market.  Overall option implied volatility of 32 is above its 26-week average of 29.

Apple (AAPL) is higher by $2.05 to $464.76. Overall option implied volatility of 26 is below its 26-week average of 33.

VIX methodology for Apple (VXAPL) closed at 27.52, below its 50-day moving average of 32.89. www.cboe.com/VXAPL

VIX methodology for iShares Silver Trust (VXSLV) closed at 31.35; below its 10-day moving average of 34.63.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 38.72, below its 10-day moving average of 41.50.

Options expected to be active on open; HTZ STO BAX MBI AIG ARUN YHOO FB NUAN BBRY FSLR

CBOE S&P 500 BuyWrite Index (BXM) closed at $961.90; above its 10-day moving average of 958.52 and above its 50-day moving average of 943.16. www.cboe.com/BXM

CBOE Volatility Index (VIX) is off 0.03 to12.63, below its 10-day moving average of 13.51, and its 50-day moving average of 13.75. www.cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is recently up 36c to $162.14 in the premarket as the market continues to make new highs.

Calls with increasing volume at CBOE Monday:

BAC 5/18/2013 13 20K contracts
SPY 5/18/2013 162 20K
EWJ 9/21/2013 12 7K
F 5/18/2013 14 6K

Puts with increasing volume at CBOE:

IWM 5/18/2013 91 23K contracts
VXX 6/22/2013 16 19K
SPY 5/18/2013 159 8K
BAC 5/10/2013 12.5 7K
QQQ 5/18/2013 72 6K

Asian stocks mixed to higher, European stocks also higher, combination of S&P at record high and (possibly) Chicago Bulls upsetting Miami Heat in game 1 of East semi-finals.