CBOE Mid-Day Update 4.1.14

Markets higher but gains cut in half in last hour.  Option volume < 10 million contracts.  SPX with 500k and VIX ~287k contracts.

Las Vegas Sands (LVS) is up $1.83 to $82.61 after Macau reported on its website earlier today that monthly gross revenue at its casinos jumped 13% last month compared to last year. April weekly call option implied volatility is at 67, April is 53, May is at 43, July is at 34; compared to its 26-week average 29.

MGM Resorts (MGM) is higher by $0.72 to $26.58. April weekly call option implied volatility is at 37, April is 30, May is at 34, September is at 31; compared to its 26-week average 33.

Wynn Resorts (WYNN) is up $5.14 to $227.28. April weekly call option implied volatility is at 34, April is 25, May is at 30, September is at 26; compared to its 26-week average 30.

Melco Crown (MPEL) is up $2.09 to $40.75. April weekly call option implied volatility is at 49, April is 38, May is at 38, July is at 37; compared to its 26-week average 39.

Intuitive Surgical (ISRG) surged higher by $46.82 to $485.93 after announcing FDA clearance for new da Vinci Xi Surgical System. April weekly call option implied volatility is at 67, April is 53, May is at 43, July is at 34; compared to its 26-week average 33.

Actives @ CBOE:  AAPL TSLA F SUNE GILD FB NFLX C AA SPX

Options with increasing volume @ CBOE: MU G IAU DNR OFIX COCO IPG INFA ELY GALT

CBOE S&P 500 Short-Term Volatility Index (VXST) down 0.76 to 12.99, compared to its 10-day moving average of 14.49. VXST is a market-based gauge of expectations of 9-day volatility cboe.com/vxst

CBOE DJIA BuyWrite Index (BXD) up 0.55 to 259.65, compared to its 50-day moving average of 254.67. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 0.47 to 13.41. VIX April 16 & 17 calls are active at CBOE on 268K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 59c to 41.57.

S&P 100 Options (OEX) up 2.78 to $831.02 on manufacturing data from around the globe pointed to expansion in the U.S. and Europe last month, though the picture in China was clouded by conflicting surveys.