Blogging Options: CBOE Mid-day Update 2.13.14

Volatility as an asset class

Tesla Motors (TSLA) is recently up $6.85 to $202.10 after trading at a record high of $202.40. February call option implied volatility is at 98, March is at 75, June is at 54; compared to its 26-week average of 56. TSLA 2/14/14 200 & 205 calls active are on 11K contracts @ CBOE.

Starwood Hotels (HOT) is recently down $1.71 to $75.36 on the lodging company seeing Q1 EPS 53c-56c, consensus 64c. March call option implied volatility is at 22, August is 21; compared to its 26-week average of 25.

Skechers (SKX) is recently up $5.71 to $35.69 after the shoe company hit a new 52-week high after profit topped expectations.  February call option implied volatility is at 33, March is at 31, July is at 32; compared to its 26-week average of 37.

Active @ CBOE:  AAPL TWTR CMSC MSFT TSLA NFLX FB INTC

Options with increasing volume @ CBOE: SHLD AMAT TWC PCLN CVC VNDA MTL AVP

CBOE DJIA Volatility Index (VXD) recently down 1c to 13.97, compared to its 10-day moving average of 16.49. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) recently up 20c to 252.76 compared to its 50-day moving average of 252.35. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) recently down 6c to 14.24. VIX February 15, 17 and 18 calls are active at CBOE on 294K contracts.  cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) recently up 14c to 43.96.

S&P 100 Options (OEX) recently up 62c to $805.44 following earnings releases, economic readings and Federal Reserve Governor comments.