Blogging Options: CBOE Mid-day Update 5.21.13

Volatility as an asset class

Medtronic (MDT) is recently up $2.54 to $52.41 after the medical device company reported better than expected Q4 results. June, July and August call option implied volatility of 15 is below its 26-week average of 19.

Tidewater (TDW) is recently down 31c to $57.29 after the offshore-service-vessel provider reported better than expected Q4 revenue. Overall option implied volatility of 26 is near its 26-week average of 28.

Monro Muffler (MNRO) is recently up $2.36 to $46.47 after the auto-repair company reported better than expected Q4 results. June call option implied volatility is at 29, July and October is at 27; compared to its 26-week average of 30.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 2.10 to 1311.50, above its 10-day moving average of 1303.84 and its 50-day moving average of 1283.38. www.cboe.com/BXY

Actives:  AAPL TSLR C GOOG ABX MCP HD FSLR BIDU MDT

CBOE Volatility Index (VIX) is recently up 2c to 13.04. VIX May 13, 14, 15 and 16 calls are active on total option volume of 539K contacts at the CBOE into May expiration.

S&P 100 Options (OEX) is recently up 1.82 to $749.14 as the Dow Jones Industrial Average looks to extend its streak of consecutive Tuesday advances.

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