Blogging Options: CBOE Morning Update 5.6.14

Markets soft in early trading.  TWTR 470 mm share lockup ends today, shares off $4.  AMZN off ~$6, TSLA down $2.  AAPL higher by $1.30 to $602.25.   VIX adds 0.30 on early stock weakness.  Option volume yesterday fairly light.  80 degree weather on way to Chicago.  Volatility as an asset class:

AIG (AIG) is down $1.22 to $51.00 in early trading after saying Q1 profit fell 27% to $1.6B. May call option implied volatility is at 34, May is at 25, June is at 24, August is at 21; compared to its 26-week average of 24.

Athenahealth (ATHN) is down $15.48 to $111.30 after noted investor David Einhorn, in a presentation at the Sohn Investment Conference, said he is short the stock and believes shares could fall 80%.  Overall option implied volatility of 46 is near its 26-week average of 45.

Mosaic (MOS) is recently down 1.26 to $48.45 after reporting Q1 EPS 54c, compared to 89c.  May weekly call option implied volatility is at 34, June is at 22, September and December is at 21; compared to its 26-week average of 24.

Options expected to be active @ CBOE: TWTR TSLA ATHN DIS AIG MOS AAPL APC CCL

CBOE S&P 500 BuyWrite Index (BXM) at 1059.34, compared to its 10-day moving average of 1055.04 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 262.86, compared to its 50-day moving average of 258.78 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 12.25, compared to its 10-day moving average of 12.88. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) up 9c to 39.65

CBOE Volatility Index (VIX) at 13.29, compared to its 10-day moving average of 13.43 and its 50-day moving average of 14.38 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down $0.75 to $187.67 as European lower and Asian stocks little changed.

Calls with increasing volume at CBOE:

GLD 7/19/2014 129 19K contracts
INO 8/16/2014 2.50 10K
SPY 5/9/2014 189 7K
BAC 1/17/2015 16 7K
AAPL 5/9/2014 600 7K
VXX 5/17/2014 40 6K
BAC 1/17/2015 17 5K
COL 7/19/2014 85 5K