Blogging Options: CBOE Mid-day Update 9.23.13

Volatility as an asset class

Apple (AAPL) is recently up $15.42 to $482.72 after saying that it sold over 9M new iPhone 5s and iPhone 5c models three days after the launch.  September weekly call option implied volatility is at 33, October is at 27, November is at 29, December is at 28; compared to its 26-week average of 28.

Pandora (P) is recently down after $3.11 to $23.88 after Apple (AAPL) announced that over 11M unique listeners have tuned in to its iTunes Radio product. September weekly put option implied volatility is at 78, October is at 65, December is at 70; compared to its 26-week average of 58.

Tesla Motors (TSLA) is recently trading down $3.52 to $179.82 after trading at a record high of $185.83 on Friday. September weekly call option implied volatility is at 58, October is at 52, December is at 57; compared to its 26-week average of 57.

Agrium (AGU) is recently down $2.56 to $87.43 after raising its annual dividend by 50% and the company warned weak fertilizer prices will hurt Q3.  October call option implied volatility is at 37, November is at 26, January is at 25; compared to its 26-week average of 27.

CBOE S&P 500 BuyWrite Index (BXM) is recently down $3.10 to $961.36, above its 50-day moving average of 959.65. www.cboe.com/BXM

Active options at CBOE:  AAPL C TSLA MRVL NFLX P FB BBRY BAC GOOG

CBOE Volatility Index (VIX) is recently up 1.29 to 14.41. VIX October 15, 16, 18, 21 and 23 calls are active on total option volume of 181K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently up 18c to 14.03.

S&P 100 Options (OEX) is recently down $3.54 to $759.70 despite manufacturing readings at home and abroad that indicated expansion.