Feb Retail Sales up 0.3% (+0.2% expected) but Jan revised lower. Overseas markets mixed. China released several weaker than expected economic reports and their premier made disappointing comments about their economy. ~5,400 VIX Futures trade in early session.
Volatility as an asset class
Krispy Kreme (KKD) is up $2.07 to $21.95 in the premarket after the doughnut chain reported Q4 profit more than tripling on improved same store sales. March call option implied volatility is at 81, April is at 53, August is at 45; compared to its 26-week average of 47.
Williams-Sonoma (WSM) is up $3.81 to $62.78 after the housewares and furniture retailer reported on better than expected Q4 results. March call option implied volatility is at 49, April is at 31, May is at 28, August is at 26; compared to its 26-week average of 28.
MagicJack (CALL) is up $3.97 to $21.50 after the cloud communication company reported better than expected Q4 results and the expansion of its retail distribution through national indirect channel. March call option implied volatility is at 83, April is a 64, June is at 55, September is at 53; compared to its 26-week average of 53.
Plug Power (PLUG) is higher by $0.65 to $7.45 in the premarket after the fuel-cell manufacturer reported a Q4 loss on double digit revenue growth. Overall option implied volatility of 114 is above its 14-week average of 99.
Options expected to be active @ CBOE: HLF NUS GM FCEL BLDP PLUG ULTA KKD INFY
CBOE S&P 500 PutWrite Index (PUT) at 1403.60, above its 10-day MA of 1403.62 and its 50-day moving average of 1372.53. cboe.com/PUT
CBOE S&P 500 BuyWrite Index (BXM) at 1050.30, compared to its 50-day moving average of 1024.94 cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) at 258.45, compared to its 50-day moving average of 254.23 cboe.com/micro/bxd/
CBOE S&P 500 Short-Term Volatility Index (VXST) at 13.85, compared to its 10-day moving average of 13.43. VXST is a market-based gauge of expectations of 9-day volatility cboe.com/vxst
iPath S&P 500 VIX Short-Term Futures (VXX) is down 0.43 to 43.82 in the premarket.
CBOE Volatility Index (VIX) at 14.47, compared to its 10-day moving average of 14.38 and its 50-day moving average of 14.72 cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is up $0.39 to $187.67 as China has released more data indicating that its economy is slowing.
Calls with increasing volume at CBOE:
IWM 3/22/2014 115 15K contracts
VXX 3/22/2014 50 13K
CNP 5/17/2014 25 11K
GLD 4/19/2014 136 11K
CHMT 6/21/2014 25 9K
SPY 3/14/2014 187 8K