Volatility as an asset class
Boeing (BA) is recently up $0.20 to $103.23 in the premarket after Air Lease announced a commitment for 30 787-10Xs and United Airlines (UAL) increased its 787 Dreamliner order to 65 aircraft. Overall option implied volatility of 24 is near its 26-week average of 23.
Steel Dynamics (STLD) is up fractionally to $15.00, sees Q2 EPS 10c-14c, below consensus 23c pressured by weak steel prices. Overall option implied volatility of 32 is near its 26-week average of 33.
Korn/Ferry (KFY) is higher by $0.80 to $18.07 into the executive-search company on slightly better than expected Q4 results and an upbeat Q1 view. Overall option implied volatility of 41 is near its 26-week average of 42.
CBOE Interest Rate 5 Year Note (FVX) closed at 10.45, below its 10-day moving average of 10.70
VIX methodology for iShares Silver Trust (VXSLV) closed at 35.57; above its 50-day moving average of 35.80.
CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 41.10, above its 50-day moving average of 41.93.
Options expected to be active on open at CBOE; AAPL BAC C JPM MS GS WFC XLF PNC TBT.
CBOE S&P 500 BuyWrite Index (BXM) closed at $965.18, above its 10-day moving average of 958.06 and its 50-day moving average of 957.69. www.cboe.com/BXM
CBOE Volatility Index (VIX) closed at 16.80, above its 10-day moving average of 16.69, and its 50-day moving average of 14.38. www.cboe.com/VIX
CBOE VIX futures June at 16.95, August at 18.55, February is at 21.30
Calls with increasing volume at CBOE:
PFE 7/20/2013 35 74K contracts
SPY 6/22/2013 165 25K
MU 10/19/2013 14 19K
ZTS 7/20/2013 40 13K
PBR 6/22/2013 15 10K
GILD 7/20/2013 60 10K
MSFT 6/22/2013 35.50 10K
SPDR S&P 500 ETF Trust (SPY) is recently up $0.11 to $164.55 as the FOMC begins its two day meeting which concludes tomorrow. Investors will be hoping the Fed clarifies its position on the potential tapering of its bond buying program.