Blogging Options: CBOE Mid-day Update 6.21.13

Volatility as an asset class

CarMax (KMX) is recently down $1.84 to $42.70 after the vehicle car seller reported Q1 earnings rose 21%. July call option implied volatility is at 32, October and January is at 31; compared to its 26-week average of 30.

Darden (DRI) is recently down $2.10 to $49.09 after the owner of Olive Garden and Red Lobster expects an uneven recovery. July and October call option implied volatility of 22 is near its 26-week average of 23.

Blackrock (BLK) is recently down $7.45 to $244.56 as the manager of $3.9 trillion in assets has been affected by lower asset values. July call option implied volatility is at 36, October is at 30, January is at 31; above its 26-week average of 22.

CBOE Interest Rate 5 Year Note (FVX) is recently up 6.3% to 13.96; above its 50-day moving average of 8.81.

CBOE Gold ETF Volatility Index (GVZ) is recently down 6.8% to $27.89‏.

CBOE Emerging Markets ETF Volatility Index (VXEEM) is recently up 0.2% to 35.56.

‏VIX methodology for iShares Trust FTSE China 25 Index Fund (VXFXI) is recently down 8.9% to 32.08‏.

Actives:  AAPL C PFE GOOG BAC WM TSLA LNG LEN

CBOE Volatility Index (VIX) is recently down 19c to 20.30. VIX July 22, 25 and 30 calls are active on total option volume of 366K contacts at the CBOE.

S&P 100 Options (OEX) is recently down $2.36 to $713.16 after a two-day selloff.