Blogging Options: CBOE Mid-day Update 6.26.13

Volatility as an asset class

Hormel (HRL) is recently up 55c to $38. 55 after reaffirming FY13 EPS outlook of $1.88-$1.96. Overall option implied volatility of 23 is above its 26-week average of 19.

Apollo Group (APOL) is recently down $1.34 to $18.05 after the for-profit education company reported a Q3 profit decrease of 40%. July call option implied volatility is at 61, august is at 55, November is at 54; above its 26-week average of 48.

Hartford Financial is recently up 70 to $29.86 after raising it share buyback authorization and increasing its dividend by 50%. July call option implied volatility is at 31, August is at 32, and December is at 31; near its 26-week average of 31.

CBOE Interest Rate 5 Year Note (FVX) is recently down 2% to 14.40; above 50-day moving average of 9.26.

CBOE 30-Year Treasury Bond (TYX) is recently down 0.5% to 35.94; above 50-day moving average of 31.66.

CBOE Gold ETF Volatility Index (GVZ) is recently up 15% to $29.75 as gold trades down 3%‏ at $1234.

VIX methodology for iShares Silver Trust (VXSLV) is recently up 7.7% to 43.41; above its 50-day moving average of 37.18.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) is recently up 4.2% to 50.08, above its 50-day moving average of 43.31.

CBOE Emerging Markets ETF Volatility Index (VXEEM) is recently down 8.4% to 29.63.

‏VIX methodology for iShares Trust FTSE China 25 Index Fund (VXFXI) is recently down 5.2% to 32.48‏.

Actives:  AAPL C SIRI ABX APOL HMY GOOG GG MOS

CBOE Volatility Index (VIX) is recently down 66c to 17.81. VIX July 22 and 27 calls are active on total option volume of 364K contacts at the CBOE.

S&P 100 Options (OEX) is recently up $3.92 to $718.40 as Fed concerns ease.