Blogging Options: CBOE Morning Update 6.3.13

Volatility as an asset class

Cracker Barrel (CBRL) is up $4.00 to $93.46 after the restaurant chain reported Q3 earnings rose 30% and increased its dividend by 50%. Overall option implied volatility of 28 is above its 26-week average of 22

Proshares UltraShort Barc 20 Year Treasury ETF (TBT) is recently up $0.62 to $67.73 in the premarket as interest rate yields rise on the uncertainty of Federal Reserve policy.  Overall option implied volatility of 31 is above its 26-week average of 27.

CBOE Interest Rate 5 Year Note (FVX) closed at 10.53, above its 10-day moving average of 9.22 and its 50-day moving average of 7.69 11.

VIX methodology for iShares Silver Trust (VXSLV) closed at 36.02; above its 50-day moving average of 32.95.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 42.58, above its 50-day moving average of 38.87.

Options expected to be active on open at CBOE; FCX BBRY GOOG TSLA

CBOE S&P 500 BuyWrite Index (BXM) closed at $955.98, above its 10-day moving average of 963.60 and above its 50-day moving average of 954.10. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 14.53, above its 10-day moving average of 13.59, and its 50-day moving average of 13.60. www.cboe.com/VIX

CBOE VIX futures May at 16.05, Aug at 17.80, Feb 20.40‏

Calls with increasing volume at CBOE:

BAC 7/20/2013 15 21K contracts
SPY 5/31/2013 165 21K
QQQ 5/31/2013 74 17K
AAPL 5/31/2013 455 10K
XLF 1/18/2014 21 10K
VXX 5/31/2013 19 9K
INTC 6/22/2013 26 8K

SPDR S&P 500 ETF Trust (SPY) is recently up $0.51 to $163.95 on investor awaited data on U.S. manufacturing and construction spending.  NIKKEI was off almost 4% this morning.  ISM Report after market opens.