Blogging Options: CBOE Mid-day Update 5.9.13

Volatility as an asset class

Activision Blizzard (ATVI) is recently down $1.18 to $14.08 on cautious guidance for next generation videogame consoles and “World of Warcraft” fantasy game. May call option implied volatility is at 49, June is at 32, August is at 30; compared to its 26-week average of 31.

Tesla Motors (TSLA) is recently down $13.69 to $69.47 after the luxury electric car manufacturer reported its first quarterly profit.  May call option implied volatility is at 70, June is at 55, September is at 40; compared to its 26-week average of 39.

Green Mountain (GMCR) is recently up $14.95 to $74.46 on the manufacturer of single serve coffee products, reported higher than expected earnings per share and raised its fiscal 2013 guidance.  May call option implied volatility is at 52, May call are at 54, June and September is at 44; compared to its 26-week average of 58.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 80c to 1300.35, above its 10-day moving average of 1295.19 and its 50-day moving average of 1274.54. www.cboe.com/BXY

Actives:  AAPL TSLA C GOOG STX NFLX X ABX AFFY BIDU C GRPN

CBOE Volatility Index (VIX) is recently up 46c to 13.12. VIX May 13 and 14 puts are active on total option volume of 185K contacts at the CBOE.

CBOE DJIA Volatility Index (VXD) is recently up 1.5% to 11.83. www.cboe.com/VXD

S&P 100 Options (OEX) is recently up 1.98 to $731.36 on corporate earnings and accommodating Federal Reserve policy.

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