Bloging Options: CBOE Mid-Day Update 9.20.13

Volatility as an asset class

Tesla Motors (TSLA) is up $5.23 to $183.15 after trading at a record high of $185.83. September weekly call option implied volatility is at 55, October is at 53, December is at 57; compared to its 26-week average of 57.

FedEx (FDX) is higher by $0.83 to $117.66 after trading at a record high of $118.31. September weekly call option implied volatility is at 22, October is at 19, January is at 20; compared to its 26-week average of 24.

Netflix (NFLX) is up $9.39 to $314.88 after trading at $315.89, also a record high. September weekly call option implied volatility is at 37, October is at 36, November is at 52; compared to its 26-week average of 54.

The fourth stock hitting a record high earlier was Amazon.com (AMZN), up $4.83 to $316.19 after trading at a record high of $320.57. September weekly call option implied volatility is at 24, October is at 22, November is at 29; compared to its 26-week average of 28.

Active options at CBOE:  AAPL TSLA ZNGA AMZN NFLX FB ABX C GOOG

CBOE Volatility Index (VIX) is up 0.05 to 13.20. VIX October 16, 18, 22 and 27 calls are active on total option volume of 433K contacts at the CBOE into Friday’s quadruple witching.

iPath S&P 500 VIX Short-Term Futures (VXX) are up 0.14 to 13.72.

S&P 100 Options (OEX) is down $2.82 to $765.92 as investors wait for what the Fed will do next.  markets not affected by House vote.  Metals giving up part of this week’s gains, oil off fractionally.