Blogging Options: CBOE Mid-day Upate 5.23.13

Volatility as an asset class

Advance Auto Parts (AAP) is recently down $2.02 to $83.78 after the automobile-parts dealer reported Q1 earnings fell 8.8%. June and July call option implied volatility is at 19, September is at 21; compared to its 26-week average of 27.

Polo Ralph Lauren (RL) is recently down $5.06 to $182.98 after the retailer reported Q4 revenue fell short of analyst expectations and a weak view for the year. June call option implied volatility is at 20, July is at 19, October is at 23; compared to its 26-week average of 28.

GameStop (GME) is recently down 17c to $36.08 as the share price of the video game retailer pull back from a 56-month high on a Q1 profit decrease of 25%. June and July call option implied volatility is at 41, October is at 40; compared to its 26-week average of 39.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 0.70 to 1301.60, below its 10-day moving average of 1303.99 and its 50-day moving average of 1284.91. www.cboe.com/BXY

Actives:  AAPL HPQ C MNKD GOOG BAC TSLA HD CRM

CBOE Volatility Index (VIX) is recently up 28c to 14.10. VIX June 16, 18 and 28 calls are active on total option volume of 435K contacts at the CBOE into May expiration.

S&P 100 Options (OEX) is recently down 94c to $743.26 on the number of Americans filing new claims for unemployment benefits fell more than expected.

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