Blogging Options: CBOE Morning update 4.15.14

2″ of snow in Chicago area last night.  March CPI rose 0.2% (0.1% expected, +0.1% in Feb). Empire State Mfg fell to 1.29 (8.00 expected and off from last months 5.61.  New Orders fell below 0).  Last day to trade April VIX options. Volatility as an asset class:

Coca-Cola (KO) is up $0.94 to $39.66 in the premarket on Q1 earnings and revenue meeting analyst estimates on flat North American case volume as soda volume decreases 1%.  April call option implied volatility is at 22, May is at 17, August is at 15; compared to its 26-week average of 15.

Johnson & Johnson (JNJ) is up $2.08 to $99.22 after reporting Q1 adjusted EPS $1.54, compared to consensus $1.48. Overall option implied volatility of 16 is above its 26-week average of 14.

Infosys (INFY) is down $1.18 to $54.40 in the premarket after the Indian software company after reporting a 25% Q4 rise in profit last quarter aided by weak rupee, but forecast weak sales growth. April call option implied volatility is at 92, May is at 43, July is at 34, October is at 29; compared to its 26-week average of 33.

Options expected to be active @ CBOE: KO MSI ALU JNJ C FB PLUG YHOO BAC GOOGL IBM PNC USB

CBOE S&P 500 PutWrite Index (PUT) at 1387.35, compared to its 10-day MA of 1403.24 and its 50-day moving average of 1389.23. cboe.com/PUT

CBOE S&P 500 BuyWrite Index (BXM) at 1030, compared to its 10-day moving average of 1042 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 256.66, compared to its 50-day moving average of 255.60 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 16.50, compared to its 10-day moving average of 14.32. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) at 44.38

CBOE Volatility Index (VIX) at 16.11, compared to its 10-day moving average of 14.56 and its 50-day moving average of 15.14 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is up 0.33 to $183.26 as Asian stocks moved lower following a strong opening after the People’s Bank of China disclosed it withdrew 172B yuan ($28B) through repurchase agreements.

Calls with increasing volume at CBOE:

SPY    5/17/2014  188   17K contracts
TLT     7/19/2014  113   12K
YHOO 4/19/2014   35   11K
MU     7/19/2014   27    10K
BAC    4/19/2014  16.50 8K
MS     4/19/2014   30     8K

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