CBOE Mid-Day Update 5.14.14

Stocks in a mild retreat this morning.  BA with a nice order from China and LUV with a buyback and dividend increase being ignored, as both stocks ~ unchanged.  Treasury yields down across the board, 10-year below 2.54%.  Grains lower on good moisture in Upper Midwest.  VIX Futures trade 84k contracts.  Volatility as an asset class:

SodaStream Int’l (SODA) is up $0.63 to $41.75 after reporting Q1 EPS of $0.08, better than the analyst estimate of $0.01 on inline revenue of $118M. June call option implied volatility is at 47, July is at 45, October is at 43, January is at 40; compared to its 26-week average of 55.

Macy’s (M) is down $0.14 to $57.76 after reiterating FY14 EPS view $4.40-$4.50, compared to consensus $4.48 as trends improved in April as the weather improved. June, August and November call option implied volatility is at 22; compared to its 26-week average of 23.

Deere (DE) is down $2.36 to $91.26 on a Q2 profit decrease of 9.5% as equipment sales decreased. June, September and December call option implied volatility is at 14; compared to its 26-week average of 18.

VIX methodology for Google (VXGOG) is recently trading at $15.58 at the low end of its historic range.

Actives at CBOE: AAPL TWTR TSLA NFLX PBR CMCS LVS

Stocks with increasing volume @ CBOE: NXPI MNKD RAI HUN FOSL AER BEAV

CBOE S&P 500 Short-Term Volatility Index (VXST) down 2.6% to 10.49; compared to its 10-day moving average of 11.81. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% to 264.59, compared to its 50-day moving average of 259.74. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 0.7% to 12.04. VIX June 15 16 calls and puts active at CBOE on 212K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 41c to 36.83.

CBOE DJIA Volatility Index (VXD) down 1.4% to 11.24; compared to its 50-day moving average of 13.34.

CBOE Nasdaq-100 Volatility Index (VXN) down 1.2% to 15.19; compared to its 50-day moving average of 17.61

S&P 100 Options (OEX) recently down $1.28 to $839.78 as stocks sell off from a record high.