Volatility as an asset class
Canadian Solar (CSIQ) is recently up $1.63 to $10.24 after the solar-module manufacturer backed its full-year shipment guidance. June call option implied volatility is at 95, July is at 94, October is at 84; compared to its 26-week average of 77.
Hertz (HTZ) is recently up 96c to $26.15 on the stock could see a jump up to $70 in the next two years due to growth opportunities, better profits, and by taking advantage of firming prices, Barron’s contends. Overall option implied volatility of 33 is near its 26-week average of 35.
Netflix (NFLX) is recently down $12.14 to $216.72 as the video-by-demand company trades below its 10-day moving average of $233. Overall option implied volatility of 45 is below its 26-week average of 56.
SPDR Homebuilder (XHB) is recently up 22c to $31.97as home prices increased by most in seven-years. June call option implied volatility is at 23, July and September is at 22; below its 26-week average of 25.
CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 10.80 to 1310.45, above its 10-day moving average of 1304.50 and above its 50-day moving average of 1286.29. www.cboe.com/BXY
Actives: AAPL HPQ C ABX GOOG MRK TSLA AMZN FB HPQ
CBOE Volatility Index (VIX) is recently down 10c to 13.89. VIX June 19 and 23 calls are active on total option volume of 221K contacts at the CBOE.
S&P 100 Options (OEX) is recently up 6.86 to $739.34 as home prices increased by most in seven-years and European central bank comments.