Blogging Options: CBOE Mid-day Update

Volatility as an asset class

CSC (CSC) is recently down $5 to $44.50 after the information technology company reported light revenue growth. June call option implied volatility is at 30, September is at 31, December is at 30; below its 26-week average of 34.

SunPower (SPWR) is recently up $2.79 to $21.82 after the solar panel maker gave an inline 2013 earnings view.  June call option implied volatility is at 75, September is at 69, December is at 60; compared to its 26-week average of 73.

Google (GOOG) is recently up $21.92 to $909.12 on the start of Google I/O.  May call option implied volatility is at 22, June is at 19, July is at 22, September is at 20; below its 26-week average of 24.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 25c to 1301.55, above its 10-day moving average of 1299.84 and its 50-day moving average of 1279.41. www.cboe.com/BXY

Actives:  AAPL TSLA C GOOG BMY ZNGA ABX DE SPWR

CBOE Volatility Index (VIX) is recently up 35c to 13.12. VIX May 13 and 15 puts are active on total option volume of 216K contacts at the CBOE.

CBOE VIX futures May are at 13.65, August at 16.79, January at 19.

CBOE DJIA Volatility Index (VXD) is recently up 3.1% to 12.14. www.cboe.com/VXD

S&P 100 Options (OEX) is recently up 3.68 to $743.38 as U.S. producer prices recorded their largest decrease in three-years.