CBOE End-of-Day Recap 3.24.14

Option volume was a little higher than average, as the CBOE traded 4.47 million of the 17.4mm options trading.  SPX with 696k, VIX slowed to 303k.

Pandora (P) closed down $2.62 to $31.39 after Billboard reported on Friday Apple (AAPL) is considering launching a new music service and is also weighing a new iTunes app for Android smartphones. April call option implied volatility is at 65, May is at 67, June is at 60; compare to its 26-week average of 58.

iShares NASDAQ Biotechnology Index (IBB) closed lower by $6.51 to $240 on concerns of valuation. April call option implied volatility is at 34, May is at 31, June is at 30; above its 26-week average of 23.

Proshares UltraShort Barc 20 Year Treasury ETF (TBT) was off $1.02 at $67.75 on Treasury’s $48 B 3 and 6-month bill auction as debt investors park cash as they await more directional clues. March weekly call option implied volatility is at 21, April is at 18, May is at 19 and June is at 18; compared to its 26-week average of 24.


Options with increasing volume @ CBOE: CRM PKT AN CFN IDRA VGK BCEI STSI CBST MILL

CBOE S&P 500 Short-Term Volatility Index (VXST) was up $0.60 to 15.30, compared to its 10-day moving average of 15.64. VXST is a market-based gauge of expectations of 9-day volatility cboe.com/vxst

CBOE DJIA BuyWrite Index (BXD) down 0.25 to 256.79, compared to its 50-day moving average of 254.51. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) closed up 0.09 to 15.09.  VIX April 16, 18, 20 and 25 calls were active at CBOE on 201K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) was up 0.09.

S&P 100 Options (OEX) closed down $2.34 to $821.35 following reports on the state of manufacturing in the U.S., China and the European Union.