Blogging Options: CBOE Morning Update 7.25.13

Good earnings coming out this morning.

Facebook (FB) is up $7.06 to $33.57 in the premarket on stronger than expected Q2 profit from continued strength at its mobile advertising business. July weekly call option implied volatility is at 119, August is at 41, September is at 36, December is at 32; compared to its 26-week average of 38.

TripAdvisor (TRIP) is higher by $8.00 to $69.14 in the premarket after the hotel-review site on better than expected Q2 revenue and earnings. August call option implied volatility is at 47 September is at 40, December is at 37; compared to its 26-week average of 40.

Baidu (BIDU) has gained $19.13 to $132.25 in the premarket after the Chinese internet-search company reported better than expected Q2 results. Overall option implied volatility of 53 is above its 26-week average of 43.

Citrix Systems (CTXS) is up $3.52 to $71 after the enterprise software maker posted better than expected results and guidance. Overall option implied volatility of 32 is near its 26-week average.

Qualcomm (QCOM) is up $2.51 to $63.90 in the premarket after reporting an in-line quarter and raising its full-year earnings outlook. July call option implied volatility is at 72, August is at 26, September is at 22, October is at 22, January is at 21; compared to its 26-week average of 23.

F5 Networks (FFIV) is up $6.08 to $87.50 after the network-based application company reported better than expected Q3 results. Overall option implied volatility of 44 is above 26-week average of 38.

Options expected to be active @ CBOE: FB BSX GM F BHP CROX EQIX SQNM

CBOE S&P 500 BuyWrite Index (BXM) closed at $957.46, above its 10-day moving average of 957.80 and its 50-day moving average of 956.51. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 13.18, below its 10-day moving average of 13.42, and its 50-day moving average of 15.32. www.cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down 0.36 to $168.16 on profit taking after solid earnings reports from U.S. corporations.

Calls with increasing volume at CBOE:

XME 12/21/2013 43 30K contracts
MS 10/19/2013 29 18K
MRK 9/21/2013 49 17K
WAG 9/21/2013 52.50 14K
PFE 9/21/2013 30 12K
SPY 7/26/2013 169 10K
AAPL 7/26/2013 450 7K

Durable Goods Orders rose 0.7%, beating the +0.5% expected. Core Rate (X-Transpo’s) unchanged.