CBOE Mid-Day Update 2.25.14

Option activity somewhat subdued in early trading. Tesla Motors Tesla (TSLA) is up $34.56 to $252.22 after Morgan Stanley raised its price target to $320. February weekly call option implied volatility is at 78, March is at 58, June is at 54; compared to its 26-week average of 56.

BlackBerry (BBRY) is up $0.77 to $10.60 after the company introduced new smartphones, and unveiled a new mobile device management system for companies. March call option implied volatility is at 74, April is at 71, May is at 67, June is at 64; compared to its 26-week average of 63.

Macy’s (M) is up $2.97 to $56.03 on a Q4 profit increase of 11%. March, April and May call option implied volatility is at 20; compared to its 26-week average of 26.

Active @ CBOE:  AAPL TWTR TSLA NFLX SCTY C LNKD CVX LNKD VZ

Options with increasing volume @ CBOE: DLTR VALE NOK BSX ZU AYR ITMN KOL NVO WMGI RSX FTR WAT VECO

CBOE DJIA Volatility Index (VXD) down  0.17 to 13.64, compared to its 10-day moving average of 13.97. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) up 0.21 to 256.56, compared to its 50-day moving average of 253.11. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is unchanged at 14.23. VIX March 15, 18 and 20 calls are active at CBOE on 250K contracts.  Cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 9c to 42.60.

S&P 100 Options (OEX) is off 0.55 to $811.89 after data showed slower growth in home prices.