Blogging Options: CBOE Morning Update 7.10.13

Volatility as an asset class

Family Dollar (FDO) is recently up $1.25 to $65.20 in the premarket after the deep discounter sees Q4 EPS 82c-87c, compared to consensus 85c. Overall call option implied volatility of 31 is above its 26-week average of 27.

Nu Skin (NUS) is up $8.05 to $74.74 in the premarket after the anti-aging skin-care products company raised its profit outlook in China and Americas. Overall option implied volatility of 39 is near its 26-week average of 41.

Helen of Troy (HELE) is trading up $1.50 to $43.50 in the premarket after the personal-care and households-products maker posted better than expected earnings and revenue. Overall option implied volatility of 44 is above its 26-week average of 35.

CBOE Crude Oil Volatility Index (OVX) closed at 25.22, above its 10-day moving average of 23.98 and its 50-day moving average of 23.55 as WTI crude oil trades above $105 a barrel. www.CBOE.com/OVX

VIX methodology for iShares Silver Trust (VXSLV) closed at 39.59; above its 50-day moving average of 38.59.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 50.21, above its 50-day moving average of 44.63.

CBOE S&P 500 BuyWrite Index (BXM) closed at $956.16, above its 10-day moving average of 948.72 and its 50-day moving average of 957.26. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 14.35, below its 10-day moving average of 16.24, and its 50-day moving average of 15.25. www.cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down $0.26 to $164.87 in the premarket into the release of the June Fed meeting and Ben Bernanke speaking.

Calls with increasing volume at CBOE:

ABX 1/17/2015 37 25K contracts
SPY 7/20/2013 170 21K
BAC 7/20/2013 14 17K
ABX 1/17/2015 25 12K
VXX 9/21/2013 28 12K
TLM 10/19/2013 14 10K
DELL 8/17/2013 13 10K

Yum Brands reports after the close. China released some soft trade data, but that received well by Asian markets.  Mortgage apps off sharply, down9 of last 10 weeks.  FED Minutes later today.