CBOE Mid-day Update 3.5.14

Markets treading water as we head into afternoon trading.  Option volume light.

Canadian Solar (CSIQ) is down $4.95 to $38.68 after warning of weather related impacts for the current quarter. March call option implied volatility is at 68, April and July is at 67; compared to its 26-week average of 74.

Hovnanian (HOV) is off $0.52 to $5.55 after the home builder announced a larger than expected Q1 loss. April call option implied volatility is at 38, May is at 45, August is at 43; compared to its 26-week average of 44.

Navistar (NAV) is down $1.50 to $36.29 on a larger than expected Q1 loss as its North American truck segment was hurt by reduced volume. April call option implied volatility is at 43, July and October is at is at 40; compared to its 26-week average of 44.

Actives @ CBOE:  AAPL C BAC NRF FB GM TSLA AMZN ZNGA VZ FB

Options with increasing volume @ CBOE: WWE END SWC BLDP FCEL DNN FLIR BHP AVAV SWHC

CBOE DJIA Volatility Index (VXD) up 9c to 13.64, compared to its 10-day moving average of 13.83 cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) is down 19c to 257.79, compared to its 50-day moving average of 253.87. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 1c to 14.09. VIX March 15, 16, 17 and 20 calls are active at CBOE on 198K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 64c to 824.78

S&P 100 Options (OEX) up 0.70c to $824.84 as U.S. private employers added fewer workers than expected in February.