Blogging Options: CBOE Mid-day Update 5.12.14

Volatility as an asset class

Kandi Technologies (KNDI) is recently up $2.21 to $13.65 after the Chinese electric car company reported Q1 income and revenue above expectations. May call option was at 132, June at 100, September is at 91; compared to its 26-week average of 88.

Gogo (GOGO) is recently up $1 to $12.94 after the company reported Q1 results that beat expectations. Gogo provides in-flight connectivity and wireless in-cabin digital entertainment solutions. May call option was at 81, June at 67, November is at 55; compared to its 26-week average of 74.

SunPower (SPWR) is recently up is recently up $1.06 to $34.06 as solar stocks rally after reported proposal to change REIT rules.  June call option implied volatility is at 55, September is at 50; compared to its 26-week average of 54.

Actives at CBOE:  AAPL TWTR TSLA NFLX FB GILD AMZN GILD MCP CHK

Stocks with increasing volume @ CBOE: MBI RSH CHK TWTR KGC

CBOE S&P 500 Short-Term Volatility Index (VXST) up 8% to 11.26; compared to its 10-day moving average of 12.33. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.2% to 264.38, compared to its 50-day moving average of 262.92. 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 52c to 38.57.
CBOE DJIA Volatility Index (VXD) down 5.9% to 11.41; compared to its 50-day moving average of 13.46.

CBOE Nasdaq-100 Volatility Index (VXN) down 4.4% to 15.80; compared to its 50-day moving average of 17.65

S&P 100 Options (OEX) recently up $5.50 to $838.46 with the Nasdaq gaining over 1.5% and the Dow hitting a new record level. A few deals and potential deals, including a large purchase in the food industry, may have added to investors’ optimism.