Blogging Options: CBOE Morning Update 7.8.13

Volatility as an asset class

Proshares Ultra Short 20 Year Treasury (TBT) is recently down 30c to $77.15 in the premarket after last Friday’s sharp Treasury selloff. Overall option implied volatility of 30 is above its 26-week average of 27.

CBOE Interest Rate 5 Year Note (FVX) closed at 15.96, above its 50-day moving average of 10.14.

VIX methodology for iShares Silver Trust (VXSLV) closed at 43.20; above its 50-day moving average of 37.98.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 51.02, above its 50-day moving average of 44.

CBOE S&P 500 BuyWrite Index (BXM) closed at $953.98, above its 10-day moving average of 944.57 and its 50-day moving average of 957.31. www.cboe.com/BXM

Options expected to be active at CBOE: DELL ZNGA FB LINE LNCO

CBOE Volatility Index (VIX) closed at 14.89, below its 10-day moving average of 17.23, and above its 50-day moving average of 15.21. www.cboe.com/VIX

Calls with increasing volume at CBOE Friday:

SPY 8/17/2013 170 41K contracts
EEM 8/17/2013 37 28K
VXX 8/17/2013 28 27K
BAC 7/5/2013 13 21K

Puts with increasing volume at CBOE:

EEM 8/17/2013 37 28K contracts
SPY 7/5/2013 162 25K

SPDR S&P 500 ETF Trust (SPY) is up $0.91 to $163.93 in the premarket after June payrolls and healthy market action in very light trading Friday.  Unofficial earnings season starts after close.  Boeing off $0.20, 10-year dips below 2.70%.  German exports dropped sharply last month.