Blogging Options: CBOE Mid-day Update 8.20.13

Volatility as an asset class

Tesla Motors (TSLA) is recently up $3.25 to $148.18 after receiving an overall combined vehicle safety rating of 5.4 stars by the National Highway Traffic Safety Administration. August weekly call option implied volatility is at 59, September is at 54, December is at 59; compared to its 26-week average of 57.

Medtronic (MDT) is recently down $1.24 to $52.86 after the medical device maker reported inline Q1 results. September call option implied volatility is at 16, November is at 17; compared to its 26-week average of 18.

Bobe Evans Farms (BOBE) is recently up $3.57 to $51.14 after the restaurant chain operator reported Q1 earnings down 39%. September call option implied volatility is at 25, October is at 24, December is at 23; compared to its 26-week average of 27.

Perfect Work (PWRD) is recently down 80c to 19.82 after the Chinese online-game developer reported a Q2 profit decrease of 49%. September call option implied volatility is at 54, October is at 57, December is at 56; compared to its 26-week average of 52.

CBOE S&P 500 2% OTM BuyWrite (BXY) is recently up 0.6% to 1281, below its 10-day moving average of 1294.15. www.cboe.com/BXY

Actives:  AAPL BAC FB C MU JPM F HPQ BAC

CBOE Volatility Index (VIX) is recently down 72c to 14.38. VIX September 18, 19, 20 and 23 calls are active on total option volume of 509K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) down 3.5% to 14.86.

S&P 100 Options (OEX) is recently up $3.54 to $742.26 as stocks break out of their four day losing streak.