CBOE Mid-Day Update 5.30.14

UofM Confidence fell below expectations.  US Steel down 4%, AAPL off $2, oil and oil service stocks weak as shares drift lower in a light session.  Gold at 8-month low.  10-year 2.46%. Traders talking about Chicago Black Hawks must-win 8:00pmCDT game tonight – and Cubs versus Brewers…  ~9mm options trade mid-day, SPX 475k and VIX with 225k.  Volatility as an asset class:

Madison Square Garden (MSG) is up $2.13 to $55.23 after former Microsoft (MSFT) CEO Steve Ballmer reportedly agreed to buy the Los Angeles Clippers for $2B and the New York Rangers made the finals of the National Hockey League playoffs. Madison Square Garden owns the Rangers and another NBA franchise, the New York Knicks.  June call option implied volatility is at 26, July is at 25, November is at 26; compared to its 26-week average of 27.
Ann Inc. (ANN) is up $2.36 to $39.71 after the specialty women’s retailer recorded a better than expected 75% decline in Q1 profit. June and July call option implied volatility is at 25, September is at 28; compared to its 26-week average of 33.
VIX methodology for Apple (VXAPL) +6.8% to 24.96 into the start of WWDC14 on Jun 2 CBOE.com/VXAPL
Stocks with increasing volume @ CBOE: NQ CL INSM NPSP MNKD DLLR IPG TSN 
CBOE S&P 500 Short-Term Volatility Index (VXST) down .30c to 10.01; compared to its 10-day moving average of 10.60. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2
CBOE DJIA BuyWrite Index (BXD) down 0.1% 266.59, compared to its 50-day moving average of 261.31 cboe.com/micro/bxd/
CBOE Volatility Index (VIX) down 1% to 11.46. VIX June 16, 18 and 20 calls active on 175K contracts @ CBOE cboe.com/VIX
iPath S&P 500 VIX Short-Term Futures (VXX) up 1c to 33.65.
CBOE DJIA Volatility Index (VXD) down 0.4% to 10.90; compared to its 50-day moving average of 12.67.  
CBOE Nasdaq-100 Volatility Index (VXN) up 0.2% to 13.87; compared to its 50-day moving average of 17.23  
S&P 100 Options (OEX) off 0.58 to $850.31 as U.S. consumer spending fell for the first time in a year in April.