Blogging Options: CBOE Morning Update. 8.23.13

Volatility as an asset class

Foot Locker (FL) is up 47c to $34.48 in the premarket after the retailer reported Q2 earnings rose 12% on higher sales.  Overall option implied volatility of 33 is above its 26-week average of 28.

Aeropostale (ARO) is down $1.48 to $9.52 after the youth focused apparel retailer reported Q2 sales declined 6.4%. Overall option implied volatility of 54 is above its 26-week average of 45.

Pandora (P) is off $1.96 to $19.7$ after the Internet-radio provider reported Q2 revenue rose 55% to $157M. September call option implied volatility is at 75, October is at 61, December is at 60; compared to it its 26-week average of 57.

Autodesk (ADSK) is higher by $3.71 to $39.84 after the design software company reported a Q2 profit decrease of 4.5%. September call option implied volatility is at 36, October is at 32; compared to its 26-week average of 32.

Options expected to be active @ CBOE; ARO NDAQ HPQ P ARO RENN TSLA FB

CBOE systems working well again this morning.

CBOE S&P 500 BuyWrite Index (BXM) closed at $953.50, below its 50-day moving average of 956.14. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 14.76, above its 10-day moving average of 14.13 and its 50-day moving average of 14.72. www.cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) opens higher by $0.20 to $166.16 after the shutdown of Nasdaq trading yesterday, even though no problems have been reported this morning.

Calls with increasing volume at CBOE:

SPY 8/30/2013 168.50 17K contracts
AAPL 8/23/2013 505 10K
MSFT 1/18/2014 36 9K
WFC 10/19/2013 44 8K
BAC 8/23/2013 14.50 7K
HPQ 10/19/2013 23 7K

Slow summer afternoon…

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