Blogging Options: CBOE Morning Update 5.7.14

Alibaba IPO all the talk on the trading floor.  When, the indicated price range and symbol should be known in a few days.  The Labor Dept announced Q1 Non-Farm Productivity dropped sharply, -1.7% (up 2.3% Q4). Premier Putin had calming comments (ready to discuss Ukraine solution) which helped European shares.  Volatility as an asset class

Electronic Arts, Inc. (EA) is up $4.72 to $32.76 in the premarket after the video game company reported Q4 profit grew 14%. May weekly call option implied volatility is at 66, June is at 39, September is at 35; compared to its 26-week average of 37.

Walt Disney (DIS) is higher by $0.63 to $81.66 in the premarket on a Q2 profit increase of 27%.  May weekly call option implied volatility is at 43, June is at 22, July is at 20; compared to its 26-week average of 23.

Whole Foods (WFM) is down $8.26 to $39.70 in the premarket after reported weaker than expected Q2 results and cut its full-year guidance. May weekly call option implied volatility is at 78, June is at 34, August is at 29; compared to its 26-week average of 32.

Options expected to be active @ CBOE: TWTR FCX ECN WFM YHOO EA FLSR DIS AAPL

CBOE S&P 500 BuyWrite Index (BXM) at 1055.32, compared to its 10-day moving average of 1055.19 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 261.60, compared to its 50-day moving average of 258.88 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 13.19, compared to its 10-day moving average of 12.95. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) down 26c to 39.56

CBOE Volatility Index (VIX) at 13.80, compared to its 10-day moving average of 13.49 and its 50-day moving average of 14.38 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is higher by 0.61 to $187.39 as European stocks erase losses.

Calls with increasing volume at CBOE:

SPY 5/9/2014   188 10K contracts
ZTS 5/23/2014    31  9K
AIG 7/19/2014    55  9K
BAC 1/17/2015  15  8K
EWJ 1/17/2015   11  7K
NOV 5/17/2014  77  6K
VOD 1/17/2015  50  6K