Blogging Options: CBOE Mid-day Update 5.29.13

Volatility as an asset class

Wal-Mart (WMT) is recently down $1.21 to $76.11 after pleading guilty to violations of certain environmental laws. June and July call option implied volatility is at 13, September is at 14; compared to its 26-week average of 17.

Ford (F) is recently up 27c to $15.55 after setting a fresh 52-week high of $15.64. June call option implied volatility is at 25, July is at 24, September is at 26; compared to its 26-week average of 27.

Amazon.com (AMZN) is recently down $1.42 to $265.87 after announcing the production of a full series of episodes that will air exclusively on Prime Instant Video later this year.  May weekly call option implied volatility is at 31, June is at 26, July is at 25, October is at 28; compared to its 26-week average of 31.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 9.65 to 1297.10, below its 10-day moving average of 1303.70 and above its 50-day moving average of 1286.86. www.cboe.com/BXY

Actives:  AAPL PFE CLF SFD GOOG HL TSLA AMZN FB HPQ

CBOE Volatility Index (VIX) is recently up 57c to 15.05. VIX June 16, 20 and 25 calls are active on total option volume of 458K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 6.16 to $740.94 on uncertainty of Federal Reserve Policy as U.S. Treasury yields rise.