Blogging Options: CBOE Mid-day Update 4.2.14

Volatility as an asset class

Amazon (AMZN) is recently up 95c to $344 after announcing Fire TV will cost $99. April weekly call option implied volatility is at 38, April is at 27, May is at 36, June is at 31; compared to its 26-week average of 31.

VIX methodology for Amazon (VXAZN) is recently up 0.5% to 37.78, below 50-day moving average of 31.23.

Buffalo Wild Wings (BWLD) is recently down $6.04 to $146 after backing its previous FY14 view of 20% EPS growth at its analyst day meeting. April call option implied volatility is at 33, May is at 40, June is at 36, September is at 32; compared to its 26-week average of 33.

General Motors (GM) is recently up 36c to $34.70 after Japanese bank Nomura started research coverage with a Reduce rating, saying that the company is vulnerable to macroeconomic challenges and CEO testifying before Congress and CEO Mary Barra testifying for a second day before a Congressional subcommittee today. April weekly call option implied volatility is at 34, April is at 29, May is at 27,  June is at 28, September is at 26; compared to its 26-week average of 28.

Actives @ CBOE:  AAPL TSLA PBR DG ACI C FB NFLX C AA

Options with increasing volume @ CBOE: MU ROVI OMC LQDT DLLR DG ROST APOL

CBOE S&P 500 Short-Term Volatility Index (VXST) down 12c to 12.16, compared to its 10-day moving average of 14.14. VXST is a market-based gauge of expectations of 9-day volatility cboe.com/vxst

CBOE DJIA BuyWrite Index (BXD) up 20c to 260.06, compared to its 50-day moving average of 254.73. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 5c to 13.05. VIX April 15, 16 & 23 calls are active at CBOE on 347K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) recently down 22c to 40.95.

S&P 100 Options (OEX) recently up 1.24 to $834.38 on Fed’s Bullard expects the first rate hike in Q1 2015.