Blogging Options: CBOE Mid-day Update: 5.1.14

Volatility as an asset class

Exxon (XOM) is recently down 47c to $101.95 after reporting Q1 revenue of $106.77B, compared to consensus $109.76B. May, June and October call option implied volatility is at 12; compared to its 26-week average of 14.

Western Digital (WDC) is recently down $4.78 to $83.30 on Q3 profit beating estimates, but its Q4 outlook trailed expectations. May call option implied volatility is at 29, June is at 26, October is at 27; compared to its 26-week average of 33.

Toyota (TM) is recently up $1.24 to $108.66 after reporting April U.S. sales rose 13.3%. June call option implied volatility is at 19, July is at 18, January is at 17; compared to its 26-week average of 21.

Actives at CBOE:  AAPL SUNE FB WAG TSLA TWTR GILD

Stocks with increasing volume: MMM MTL ZQK MACK ISIL MCK CROX ANN LVLT

CBOE S&P 500 Short-Term Volatility Index (VXST) down 3.6% to 12.28; compared to its 10-day moving average of 12.97. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% to 262.80, compared to its 50-day moving average of 258.48. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 1.2% to 13.25. VIX September 20, October 20, 21, and 22 calls are active at CBOE on 230K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 19c to 40.04

CBOE DJIA Volatility Index (VXD) down 06c to 12.46; compared to its 50-day moving average of 13.65.

CBOE Nasdaq-100 Volatility Index (VXN) down 3.3% to 17.09; compared to its 50-day moving average of 17.43

S&P 100 Options (OEX) recently up 16c to $836.28 following the release of the weekly jobless claims data. There were 344K initial claims versus the expected 320K, while continuing claims came in at 2.77M versus the expected 2.7M.