Blogging Options: Mid-day Update 8.9.13

Volatility as an asset class

Rackspace (RAX) is recently up $3.21 to $47.46 after the data-center provider reported better than expected Q2 results. August call option implied volatility is at 98, September is at 39, December is at 40; compared to its 26-week average of 45.

Allscripts (MDRX) is recently down 82c to $15.31 after the electronic health-records company reported weaker than expected Q2 revenue. September call option implied volatility is at 34, December is at 35; compared to its 26-week average of 37.

Dendreon (DNDN) is recently down $1.06 to $3.54 after the pharmaceutical company reported decreasing Q2 revenue. September call option implied volatility is at 82, November is at 87, January is at 80; compared to its 26-week average of 79.

Tableua Software (DATA) is recently up $8.04 to $68.98 after the data-analysis software maker reported better than expected Q2 results. September call option implied volatility is at 51, October is at 50, January is at 49; compared to its 26-week average of 58.

Priceline.com (PCLN) 8/9/13 980, 985, 990, 995 and 1000 calls active as shares trade up $44 to $977.38.

Active options at CBOE: AAPL MCP FB TSLA WLT ONXX GOOF X ABX GOOG

CBOE S&P 500 BuyWrite Index (BXM) -0.2% to 964.80, near 10-day MA of 963.40: www.cboe.com/BXM

CBOE Volatility Index (VIX) is recently up 64c to 13.37. VIX August 15, 17, 18 and 23 calls are active on total option volume of 188K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) up 1.4% to 14.60.

S&P 100 Options (OEX) is recently down $4.70 to $755.48 after U.S. wholesale inventories dipped 0.2% in June, while sales rose 0.4%. May inventories were revised slightly lower.