Blogging Options: CBOE Mid-day Update 8.28.13

Volatility as an asset class

Joy Global (JOY) is recently down $1.97 to $49.36 after the mining equipment manufacturer reported Q3 earnings fell 5.3%.  September call option implied volatility is at 31, October and January is at 33; compared to its 26-week average of 34.

Zale (ZLC) is recently up $1.83 to $10.79 after the jewelry retailer reported Q4 revenue of $417M, compared to consensus $409M on Q4 comparable store sales increased of 5.6%. September call option implied volatility is at 70, October is at 68, November is at 62; compared to its 26-week average of 64.

Avago (AVGO) is recently up $1.76 to $38.31 after the chip maker reported weaker margins, increased operating expenses on improving revenue.  September call option implied volatility is at 28, October is at 27, January is at 29; compared to its 26-week average of 32.

CBOE Gold Miners ETF Volatility Index (VXGDX) is recently down 1% to $49.03 as gold pulls back 0.18% to $1,417.  www.cboe.com/VXGDX

CBOE Gold ETF Volatility Index (GVZ) +3.7% to 24.79.

CBOE Interest Rate 5 Year Note (FVX) is recently up 2.9% to 15.77 as Treasury rates move down from one-week highs.

CBOE Crude Volatility Index (OVX) is recently up 10.5% to 30.04 as WTI Crude oil trades above $109. http://www.cboe.com/ovx

CBOE S&P 500 2% OTM BuyWrite (BXY) is recently up 0.4% to 1268, below its 50-day moving average of 1288.22. www.cboe.com/BXY

Actives:  AAPL FB BAC TSLA C BBRY TIF CAT F

CBOE Volatility Index (VIX) is recently down 44c to 16.33. VIX September 15 puts, September 20 and October 24 calls are active on total option volume of 199K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 1.1% to 16.35.

S&P 100 Options (OEX) is recently up $2.88 to $732.66 as energy prices rise on to Syria concern.