Blogging Options: CBOE Morning Update 5.16.13

Volatility as an asset class

Cisco (CSCO) is up $2.31 to $23.53 in the pre-market after the networking-equipment company reported better than expected Q3 order growth.  Overall option implied volatility of 30 is above its 26-week average of 26.

Wal-Mart (WMT) is down $1.76 to $78.10 in the pre-market after reporting its first same-store sales decline in several quarters.  May call option implied volatility is at 39, June is at 15, July and September is at 14; compared to its 26-week average of 17.

Tesla Motors (TSLA) is higher by $9.21 to $94.05 in the pre-market after the electric luxury car manufacturer filed to sell common stock, debt. Overall option implied volatility of 66 is above its 26-week average of 41.

VIX methodology for iShares Silver Trust (VXSLV) closed at 41.88; above its 50-day moving average of 29.39.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 45.58, above its 50-day moving average of 35.74.

Options expected to be active on open at CBOE; AAPL BAC BBRY TSLA WMT CSCO JPM GOOG

CBOE S&P 500 BuyWrite Index (BXM) closed at $962.83; above its 10-day moving average of 962.87 and above its 50-day moving average of 948.48. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 12.81, below its 10-day moving average of 12.84, and its 50-day moving average of 13.35. www.cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is recently down 6c to $166.05 on weak euro data.

Calls with increasing volume at CBOE:

EWG 6/22/2013 26 20K contracts
EWZ 3/22/2014 70 20K
SPY 5/18/2013 166 17K
JPM 7/20/2013 52.50 11K

 

Commerce said on Thursday that housing starts fell 16.5 percent to an annual rate of 853,000, below expectations of 965,000, the biggest miss in over 6-years. Weekly Jobless Claims rose 32k, while the CPI dipped 0.4% last month.  Weak data overhangs markets today?