Blogging Options: CBOE Mid-day Update 8.27.13

Volatility as an asset class

US Airways (LCC) is recently down 85c to $15.36 on concerns a Syrian conflict will affect the airliners revenues. Overall option implied volatility of 40 is above its 26-week average of 34.

Best Buy (BBY) is recently down 88c to $34.92 after the electronic retailer’s founder will sell an undisclosed amount of stock over a six-month period. Overall option implied volatility of 40 is below its 26-week average of 44.

Tesla Motors (TSLA) is recently up $2.72 to $166.85 regardless of PowerShares QQQ Trust (QQQ) trading down on 1.5% on Middle-East conflict concerns. August weekly call option implied volatility is at 76, September is at 61; December is at 65; above its 26-week average of 57.

CBOE Gold Miners ETF Volatility Index (VXGDX) is recently up 2.3% to $48.65 as gold rallies 1.74% to $1,417.  www.cboe.com/VXGDX

CBOE Gold ETF Volatility Index (GVZ) +1.2% to 23.39.

CBOE Interest Rate 5 Year Note (FVX) is recently down 3.4% to 15.50 as Treasury rates continue to trade lower.

CBOE S&P 500 2% OTM BuyWrite (BXY) is recently down 1% to 1269.30, below its 50-day moving average of 1289.11. www.cboe.com/BXY

Actives:  AAPL FB JCP AAPL BAC TSLA MSFT C MU INTC

CBOE Volatility Index (VIX) is recently up 1.43 to 16.42. VIX September 15, 16, 17, 18 and 25 calls are active on total option volume of 408K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 5.8% to 16.18.

S&P 100 Options (OEX) is recently down $7.58 to $733.38amid tensions in response to Syria.