Blogging Options: CBOE Morning Options 8.1.13

Volatility as an asset class

Yelp (YELP) is up $5.40 to $47.20 in the premarket after the local listing website booked stronger than expected revenue growth.  Overall option implied volatility of 68 is above its 26-week average of 55.

Trulia (TRLA) is higher by $4.74 to $42 after the real-estate-listing service company reported Q2 reported better than expected results and revenue guidance. Overall option implied volatility of 65 is above its 18-week average of 55.

DreamWorks (DWA) is  up $1.30 to $26.06 after the computer animation studio reported a Q2 profit increase of 74%. Overall option implied volatility of 53 is above its 26-week average of 37.

Marriott (MAR) is down $1.05 to $40.5 2in the premarket on a Q2 profit increase of 25%. Overall option implied volatility of 24 is near its 26-week average of 23.

Whole Foods (WFM) is off $1.14 to $54.44 after the high-end supermarket chain reported a Q3 profit increase of 21% as sales growth was weaker than expected.  Overall option implied volatility of 33 is above its 26-week average of 28.

CBS (CBS) is up 83c to $53.67 after its earnings beat on the top and bottom lines.  Overall option implied volatility of 29 is above its 26-week average of 27.

Williams (WMB) closed at $34.17 into reporting Q2 earnings rising 7.6%.  Overall call option implied volatility of 48 is above its 26-week average of 27.

Options expected to be active @ CBOE; F POT FB JCP RKUS ABX DELL YELP WFM XOM LNKD

CBOE S&P 500 BuyWrite Index (BXM) closed at $958.33, above 50-day moving average of 955.99. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 13.45, above its 10-day moving average of 13.03, and its 50-day moving average of 15.36. www.cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is recently up 94c to $169.65 on China and Europe manufacturing data.

Calls with increasing volume at CBOE:

SPY 9/21/2013 180 31K contracts
F 1/18/2014 18 10K

Challenger & Gray said layoffs last month fell, weekly claims drop 19k to 326k.  10-year at 2.61%.  XOM miss by $0.35, PG beats by $0.02, both DJIA components.  Markets moving North on opening.