Blogging Options: CBOE Mid-day Update 6.17.2013

Volatility as an asset class

United States Oil Fund (USO) is recently up 9c to $34.84 as WTI Crude Oil trades up 0.20% to $98.05.  June call option implied volatility is at 23, July is at 18, August is at 19, compared to its 26-week average of 22.

Terex (TEX) is recently down $2.83 to $28.87 after the construction machinery maker lowered its 2013 earnings forecast.  June call option implied volatility is at of 64, July is at 48, October is at 46; above its 26-week average of 34.

DreamWorks Animation (DWA) is recently down $1.04 to $23.81 after the digital entertainment developer announced a multi-year original content deal with Netflix (NFLX). June call option implied volatility is at 33, July and September is 32; near its 26-week average of 33.

Jinko Solar (JKS) is recently up 43c to $9.19 after the Chinese government ordered power producers and lenders to provide more support to the industry. Overall option implied of 85 is above its 26-week average of 76.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up $12.55 to 1299.60, above its 10-day moving average of 1288.40 and its 50-day moving average of 1291.92. www.cboe.com/BXY

Actives:  AAPL PFE MDLZ WLT C NFLX MU PBR GOOG TSLA

CBOE Volatility Index (VIX) is recently down 26c to 16.89. VIX June 16 and 17 puts are active on total option volume of 382K contacts at the CBOE.

S&P 100 Options (OEX) is recently up 7.26 to $739.34 on Federal Reserve expectations after last week’s sell off.