Volatility as an asset class
JP Morgan (JPM) is up $0.36 to $55.48 in the premarket on Q2 net income increasing 31% and flat total loan growth. Overall option implied volatility of 22 is near its 26-week average of 22.
Infosys (INFY) is up $3.60 to $47.93 in the premarket on the consultant company reporting Q1 earnings surprise beat and seeing FY14 revenue up 6%-10%. Overall option implied volatility of 53 is above its 26-week average of 34.
Wells Fargo (WFC) is up $0.41 to $42.30 in the premarket on Q2 net income increasing 19%. Overall option implied volatility of 23 is above its 26-week average of 20.
Financial Select Sector (XLF) is recently up $0.02 to $20.23 in the premarket as banking indexes trade near 58-month highs. Overall volatility at 18, compared to its 26-week average is 19.
CBOE Crude Oil Volatility Index (OVX) closed at 24.58, above its 10-day moving average of 24.41 and its 50-day moving average of 23.61 as WTI crude oil trades up 0.57% to $105.51 a barrel. www.CBOE.com/OVX
VIX methodology for iShares Silver Trust (VXSLV) closed at 35.89; below its 50-day moving average of 38.31.
CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 46.15, above its 50-day moving average of 44.73.
CBOE S&P 500 BuyWrite Index (BXM) closed at $956.81, above its 10-day moving average of 951.85 and its 50-day moving average of 957.13. www.cboe.com/BXM
CBOE Volatility Index (VIX) closed at 14.01, below its 10-day moving average of 15.49, and its 50-day moving average of 15.27. www.cboe.com/VIX
Calls with increasing volume at CBOE:
SPY 7/12/2013 167 25K contracts
BAC 7/20/2013 14 15K
QQQ 7/20/2013 76 14K
VXX 7/20/2013 28 12K
EEM 10/19/2013 41 9K