Opening Day in VXST options went well yesterday with over 3,000 contracts trading. March PPI rose an unexpected 0.5% (flat to up 0.1% expected). Core Rate (X-Food & Energy) up 0.6%, highest reading in 3 years. Overseas stocks follow US markets lower overnight, NIKKEI & DAX drop ~2%. U of M later this morning.
Wells Fargo (WFC) is up $0.14 to $47.85 in the premarket after reporting Q1 EPS $1.05, consensus 97c. April call option implied volatility is at 20, May and July is at 15; compared to its 26-week average of 17.
JP Morgan (JPM) is down $2.17 to $55.22 after reporting Q1 EPS $1.28, consensus $1.40. April weekly call option implied volatility is at 44, April is at 27, May is at 23, June and September is at 18; compared to its 26-week average of 21.
H&R Block (HRB) is up $1.89 to $30.31 in the premarket after the company announced that it will divest its H&R Block Bank assets to BofI Federal Bank (BOFI). Overall option implied volatility of 30 is near its 26-week average of 29.
Options expected to be active @ CBOE: JPM WFC C HRB GOOG IBM KO PNC USB BAC
CBOE S&P 500 PutWrite Index (PUT) at 1387.75, compared to its 10-day MA of 1405.60 and its 50-day moving average of 1388.61. cboe.com/PUT
CBOE S&P 500 BuyWrite Index (BXM) at 1031.04, compared to its 10-day moving average of 1044.68 cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) at 256.41, compared to its 50-day moving average of 255.52 cboe.com/micro/bxd/
CBOE S&P 500 Short-Term Volatility Index (VXST) at 16.50, compared to its 10-day moving average of 13.80. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2
iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 26c to 41.24 in the premarket.
CBOE Volatility Index (VIX) at 15.89, compared to its 10-day moving average of 14.19 and its 50-day moving average of 15.09 cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is down 0.68 to $182.47 after JPMorgan results.
Calls with increasing volume at CBOE:
KRE 6/21/2014 43 16K contracts
XLF 4/19/2014 21.50 15K
QQQ 4/11/2014 87 10K
Puts with increasing volume at CBOE:
SPY 4/19/2014 185 31K contracts
IWM 4/19/2014 110 18K