CBOE Mid-Day Update 5.13.14

Option volume light as traders watch markets churn.  CBOE with ~2.9mm options trading, 9.3mm total volume.  SPX with 520k, VIX with 490k options changing hands.  VIX Futures 53k.

Elizabeth Arden (RDEN) is down $7.21 to $28.22 after the beauty products company reported a significant miss on Q3 results. June call option implied volatility is at 47, September is at 39, December is at 35; compared to its 26-week average of 42.

MagicJack (CALL) is down $2.49 to $16.49 after the cloud based communications company reported Q1 revenues below analyst estimates. June, September and December call option implied volatility is at 56; compared to its 26-week average of 62.

Microsoft (MSFT) is up 32c to $40.28 after announcing Xbox One starting at $399 in all markets where Xbox One is sold, beginning on June 9. This is a new console option that does not include Kinect. June call option implied volatility is at 16, July is at 15, August is at 20; compared to its 26-week average of 21.

Actives at CBOE:  AAPL TWTR TSLA NFLX FB GILD AMZN SUNE DE PBR

Stocks with increasing volume @ CBOE: DISH DTV VALE RAD HSH PBR ZNGA HSH COCO PSEC PHH TTWO LLL AAP OZM QLGC CALL

CBOE S&P 500 Short-Term Volatility Index (VXST) down 3.9% to 10.76; compared to its 10-day moving average of 12.04. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% to 264.54, compared to its 50-day moving average of 264.54. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 0.05 to 12.28. VIX June 16, 17, 19 and 20 calls are active at CBOE on 489K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 6c to 37.06.

CBOE DJIA Volatility Index (VXD) down 0.7% to 11.35; compared to its 50-day moving average of 13.39.

CBOE Nasdaq-100 Volatility Index (VXN) down 0.5% to 15.41; compared to its 50-day moving average of 17.61

S&P 100 Options (OEX) recently up $1 to $840.96 after a report showed that retail sales barely rose in April.