Blogging Options: CBOE Morning Update 6.10.13

Volatility as an asset class

McDonald’s (MCD) is up $1.67 to $99.98 in the first hour of trading as May global comparable sales up 2.6%, May U.S. comparable sales up 2.4%, May Europe comparable sales up 2%, May Asia/Pacific, Middle East and Africa comparable sales up 0.9%.  Overall option implied volatility of 16 is near its 26-week average of 15.

Booz Allen (BAH) is off $0.73 to $17.27 as the consulting company is involved in the National Security Agency surveillance controversy.  Overall option implied volatility of 26 is below its 26-week average of 31.

Apple (AAPL) is up $4.00 to $445.83 and being watched at the Worldwide Developers Conference in San Francisco.  Apple June call option implied volatility is at 28, July is at 29, August is at 30, September is at 28; compared to its 26-week average of 32.

CBOE Interest Rate 5 Year Note (FVX) closed at 10.86, above its 50-day moving average of 7.95.

VIX methodology for iShares Silver Trust (VXSLV) closed at 41.16; above its 50-day moving average of 34.39.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 43.42, above its 50-day moving average of 40.40.

Options expected to be active at CBOE today include; AAPL FB BAH VXX VIX SPY IWM BAC MSFT TSLA.

CBOE S&P 500 BuyWrite Index (BXM) closed at $964.42, below its 10-day moving average of 959.42 and its 50-day moving average of 955.78. www.cboe.com/BXM

CBOE Volatility Index (VIX) is up 0.05 to 15.19, above its 10-day moving average of 15.59, and its 50-day moving average of 13.97. www.cboe.com/VIX

CBOE VIX futures June at 15.80, Aug at 17.70, Feb 20.60

Calls with increasing volume Friday at CBOE:

PFE 7/20/2013 35 31K contracts
SPY 6/22/2013 167 30K
AAPL 6/7/2013 440 13K
VXX 6/7/2013 19.5K
QCOM 8/17/2013 65 9K

Stocks up fractionally in early trading, as the Nikkei rallied 4%.