Blogging Options: CBOE Mid-day Update

Volatility as an asset Volatility as an asset class

Tesla Motors (TSLA) is recently up $7.05 to $84 after the luxury electric car manufacturer reported better than expected results last week.  May call option implied volatility is at 132, June is at 77, September is at 65; compared to its 26-week average of 41.

JoS. A. Bank (JOSB) is recently down $3.26 to $42.96 after the clothing retailer sees lower than expected results on higher inventory costs and selling prices. May and June call option implied volatility is at 40, July is at 37; compared to its 26-week average of 32.

Mosaic (MOS) is recently down $1.93 to $61.35. after  one of the world’s largest fertilizer producers said it will delay its expansion in Western Canada. May call option implied volatility is at 31, June is at 28, September is at 25; compared to its 26-week average of 28.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 70c to 1301.20, abo ve its 10-day moving average of 1297.67 and its 50-day moving average of 1277.22. www.cboe.com/BXY

Options active at CBOE: AAPL TSLA NFLX HPQ MCP GOOG FSLR KGC C

CBOE Volatility Index (VIX) is recently up 6c to 12.65. VIX May 19 and Aug 21 calls are active on total option volume of 135K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 30c to $733.16 on profit taking as U.S. markets trade near record highs.