Blogging Options: CBOE Mid-Day Update 7.15.13

Volatility as an asset class

Tesla (TSLA) is down $0.30 to $129.60.  TSLA added to the NASDAQ 100 today.  Northland Securities raised its price target to $230 from $95. August call option implied volatility is at 77, September is at 64, December is at 61; above its 26-week average of 51.

Boeing (BA) is up $3.24 to $105.10 as its lithium batteries were not tied to a 787 fire at Heathrow. July call option implied volatility is at 36, August is at 28, September is at 21; compared to its 26-week average of 23.

Aruba Networks (ARUN) is recently up $0.29 to $17.27 after the wireless-equipment maker recently authorized the repurchase of up to an additional $100M shares repurchase after completing its initial $100M stock-repurchase program.

CBOE Crude Oil Volatility Index (OVX) is recently down 2.6% to 23.87, WTI crude oil is recently up 0.03% to $105.98 www.CBOE.com/OVX

Actives:  AAPL C BAC VZ TSLA MDLZ FSLR BIDU GOOG C

CBOE Volatility Index (VIX) is recently down 0.03 to 13.81. VIX July 14 and 15 puts are active on total option volume of 433K contacts at the CBOE.

 S&P 100 Options (OEX) is recently up 0.90 to $753.66 on better than expected earnings from Citigroup.