Blogging Options: CBOE Mid-day Update 9.3.13

Volatility as an asset class

Starbucks (SBUX) is recently up $1.44 to $71.96 after Moody’s put the coffee provider’s rating up for review. July weekly call option implied volatility is at 22, October is at 21, January is at 23; compared to its 26-week average of 23.

Tesla Motors (TSLA) is $2.86 to $171.89 after rallying over 410% this year, 54% in the last two-months and 25% in the last month. Overall option implied volatility of 61 is above its 26-week average of 57.

Netflix (NFLX) is recently up $4.21 to $288.20 after rally 287% in the last year. Overall option implied volatility of 45 is below its 26-week average of 54.

CBOE Interest Rate 5 Year Note (FVX) is recently up 6.7% to 17.08 as Treasury rates move up on renewed tapper speculation.

CBOE Crude Volatility Index (OVX) is recently up 0.6% to 28.27 as WTI Crude oil trades $108.

CBOE S&P 500 2% OTM BuyWrite (BXY) is recently up 0.4% to 1271, below its 50-day moving average of 1288.24.


CBOE Volatility Index (VIX) is recently up 3c to 17.04. VIX September 20 and 27 calls are active on total option volume of 251K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 3.1% to 16.52.

S&P 100 Options (OEX) is recently up $2.18 to $733.10 below its intra-day high of $738.20 after Republican leaders in the House voiced support for military intervention in Syria.