Blogging Options: CBOE Mid-day Update 4.30.14

Volatility as an asset class

Energizer (ENR) is recently up $14.98 to $112.69 after announcing a plan to separate into two publicly traded companies, one focused on Household Products and one on Personal Care. May call option implied volatility is at 23, June is at 18, August is at 19, November is at 20; compared to its 26-week average of 24.

Proshares UltraShort Barc 20 Year Treasury ETF (TBT) is recently down 59c to $64.48 into Federal Reserve monetary policy decision. May weekly call option implied volatility is at 42, June and September is at 20; compared to its 26-week average of 22.

CBOE Interest Rate 5 Year Note $FVX -2.5% to 16.97.

Hyatt Hotels (H) is recently up $1.68 to $55.75 after reporting Q1 adjusted EPS 13c, compared to consensus 11c. May call option implied volatility is at 20, June is at 19, August is at 20; compared to its 26-week average of 25.

Actives at CBOE:  AAPL TWTR ZNGA TSLA NFLX P AMZN MSFT FB

Stocks with increasing volume: SUNE NQ BRFS ABEV LOGM HAR POM MILL SFY RDN LQD

CBOE S&P 500 Short-Term Volatility Index (VXST) down 1.3% to 13.45; compared to its 10-day moving average of 13.17. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% to 262.38, compared to its 50-day moving average of 258.30. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 0.1% to 13.69. VIX May 18 calls and May 15 puts are active at CBOE on 272K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 7c to 40.28

CBOE DJIA Volatility Index (VXD) up 0.7% to 12.85; compared to its 50-day moving average of 13.71.

CBOE Nasdaq-100 Volatility Index (VXN) down 0.5% to 18.23; compared to its 50-day moving average of 17.43

S&P 100 Options (OEX) recently up 38c to $834.72 ahead of the close of the FOMC policy decision.