Blogging Options: CBOE Mid-day Update 5.10.13

Volatility as an asset class

Tesla Motors (TSLA) is recently up $7.90 to $77.80 a day after the luxury electric car manufacturer reported better than expected results. May call option implied volatility is at 98, June is at 71, July is at 64, September is at 60 above its 26-week average of 40. May 77 and 80 calls are active on total option volume of 204K contracts at the CBOE.

Marriott (MAR) is recently up 27c to $43.50 after the lodging services company raised its quartley dividend 30.8% to 17c for a 1.6 yield. Overall option implied volatility of 20 is below its 26-week average of 24.

Molycorp (MCP) is recently up after the rare-earth miner reported better than expected expectations. May call option implied volatility is at 91, June is at 67, September is at 67; compared to its 26-week average of 75.

Priceline.com (PCLN) is recently up $27.40 to $764.95 after the online-travel agent reported Q1 earnings increased 34%. May call option implied volatility is at 24, June is at 23, July at 22; compared to its 26-week average of 34.

CBOE Interest Rate 5 Year Note (FVX) is recently up 8.7% to 8.12, above its 10-day moving average of 7.18 and its 50-day moving average of 7.51.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up $1.05 to 1301.30, above its 10-day moving average of 1296.64 and its 50-day moving average of 1275.90. www.cboe.com/BXY

Actives:  AAPL TSLA MBI GOOG MCP DIS BIDU AMZN NFLX

CBOE Volatility Index (VIX) is recently up 13c to 13.27. VIX June 18 and 25 calls are active on total option volume of 439K contacts at the CBOE.

CBOE DJIA Volatility Index (VXD) is recently up 2.1% to 12.15. www.cboe.com/VXD

S&P 100 Options (OEX) is recently down .50 to $729.92 as the Yen decreases to a four-and-half low and oil pulls back.

No Comments
CBOE

cboe.com

Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education.