Blogging Options: CBOE Mid-day Update 5.9.14

Volatility as an asset class

Netflix (NFLX) is recently down 9c to $321.54 after the company emailed its subscribers with a notification that new subscribers will pay $8.99 per month with existing subscribers’ rates frozen for two years.  May call option implied volatility is at 45, June is at 43, September is at 41; compared to its 26-week average of 44.

Symantec (SYMC) is recently up 72c to $20.85 after the security software developer reported profit that beat estimates on sales that slightly missed expectations. The company also said it is continuing to look for a permanent CEO. May call option implied volatility is at 23, June is at 22, July is at 21, October is at 22; compared to its 26-week average of 29.

Nuance (NUAN) is recently down 26c to $15.27 on the speech recognition software company sees Q3 revenue $488M-$508M, consensus $526.99M. May call option implied volatility is at 36, June is at 27, July is at 28, October is at 31; compared to its 26-week average of 38.

Actives at CBOE:  AAPL TWTR TSLA NFLX FB C CMCSA AMZN

Stocks with increasing volume @ CBOE: JOE LBTYA FUEL BCEI IBN TGTX PPO ERF VC

CBOE S&P 500 Short-Term Volatility Index (VXST) down 4.2% to 11.99; compared to its 10-day moving average of 12.70. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% to 263.68, compared to its 50-day moving average of 259.29. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 1.1% to 13.28. VIX May 16, 18 and 22 calls are active at CBOE on 364K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 1.2% to 38.57.

CBOE DJIA Volatility Index (VXD) down 1.2% to 12.41; compared to its 50-day moving average of 13.50.

CBOE Nasdaq-100 Volatility Index (VXN) down 1.8% to 17.10; compared to its 50-day moving average of 17.65

S&P 100 Options (OEX) recently up $1.02 to $832.54 Stocks as stocks began the session in negative territory and have recently turned positive.