Volatility as an asset class
Priceline.com (PCLN) is down $2.50 to $735 in the premarket after the online-travel agent reported Q1 earnings increased 34%. May call option implied volatility is at 53, July at 28; compared to its 26-week average of 34.
Nvidia (NVDA) is up $0.49 to $14.40 in the premarket after the chip maker reported Q1 earnings rose 29%. May call option implied volatility is at 45, September is at 29; compared to its 26-week average of 37.
Gap Inc. (GPS) is higher by $1.64 to $40.60 the premarket on better than expected Q1 projections and reporting strong same-store sales for April. Overall option implied volatility of 32 is near its 26-week average of 31.
VIX methodology for iShares Silver Trust (VXSLV) closed at 32.18; below its 10-day moving average of 33.68.
CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 39.24, below its 10-day moving average of 40.95.
Options expected to be active on open at CBOE; DDD DELL DNDN ERIC NVDA PCLN FB
CBOE S&P 500 BuyWrite Index (BXM) closed at $962; above its 10-day moving average of 960.33 and above its 50-day moving average of 945.83. www.cboe.com/BXM
CBOE Volatility Index (VIX) closed at 13.13, below its 10-day moving average of 13.30, and its 50-day moving average of 13.51. www.cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is recently up 17c to $163.05 in the premarket on solid corporate earnings reports and guidance.
Calls with increasing volume at CBOE:
S 8/17/2013 7.0000 32K contracts
SPY 5/10/2013 163 14K
MBI 6/22/2013 17 12K
JPM 12/21/2013 57.5 9K
BAC 5/18/2013 13 9K
US & foreign markets pretty flat.