Blogging Options: CBOE Mid-day Update 5.7.14

Volatility as an asset class

Mondelez (MDLZ) is recently up $ $2.88 to $38.10 after reporting better than expected Q1 results and its intention to combine its coffee business with D.E. Masters Blenders 1753 to create the pure-play coffee company. May call option implied volatility is at 15, June is at 14 and September is at 13, December is at 15; compared to its 26-week average of 19.

FireEye (FEYE) is recently down $9.07 to $28.07 after the Internet security company reported in-line quarterly losses and higher than expected revenue, but provided guidance for fiscal year losses exceeding the consensus estimate. May weekly call option implied volatility is at 131, June is at 80 and September is at 73, December is at 71; compared to its 26-week average of 67.

Yahoo (YHOO) is recently down $2.31 to $34.20 on the wake of an IPO filing by Alibaba. YHOO holds a 24% stake in Alibaba. Yahoo May call option implied volatility is at 39, June and July is at 37, October is at 36; compared to its 26-week average of 34.

Actives at CBOE:  AAPL TWTR WFM TSLA AMZN NFLX FB C FSLR SCTY

Stocks with increasing volume: WMB MTZ IBN TWGP WFM TRMB LYV EA ZU IMPV SFM
CBOE S&P 500 Short-Term Volatility Index (VXST) down 0.7% to 13.10; compared to its 10-day moving average of 12.99. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.4% to 262.78, compared to its 50-day moving average of 259.01. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 0.7% to 13.71. VIX May 14 puts and 18 calls are active at CBOE on 227K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 50c to 39.33

CBOE DJIA Volatility Index (VXD) down 3.1% to 12.61; compared to its 50-day moving average of 13.54.

CBOE Nasdaq-100 Volatility Index (VXN) up 4.6% to 17.88; compared to its 50-day moving average of 17.57

S&P 100 Options (OEX) recently up $2.62 to $829.66 as Nasdaq stocks slid for a second day.