Blogging Options:CBOE Morning Update 6.2.14

Quiet overnight markets going into a week filled with big economic data. ISM and Construction Spending to be released 30 minutes into trading session.  Chinese economic activity showed a mild increase last month.  AAPL annual developers conference kicks off today.  10-year ticks up to 2.5%.  Volatility as an asset class:

Option implied volatility levels for large holding of Carl Icahn as Federal investigators look into whether golfer Phil Mickelson and Las Vegas bettor William “Billy” Walters traded on nonpublic information provided by investor Carl Icahn, WSJ says.

Netflix (NFLX) overall option implied volatility of 38 is near its 26-week average of 40.

Icahn Enterprises (IEP) overall option implied volatility of 30 is below its 26-week average of 35.

Apple (AAPL) overall option implied volatility of 24 is near its 26-week average of 22.

CVR Energy (CVI) overall option implied volatility of 34 is at its 26-week average of 34.

Herbalife (HLF) overall option implied volatility of 43 is near its 26-week average of 53.

Nuance (NUAN) overall option implied volatility of 30 is below its 26-week average of 40.

Federal-Mogul (FDML) overall option implied volatility of 47 is near its 26-week average of 46.

eBay (EBAY) overall option implied volatility of 23 is below its 26-week average of 28.

Options expected to be active @ CBOE: AZN AAPL HLF NFLX ALU KKD DG BMY BRCM ARIA NPSP BRCM ARIA NPSP HCT  VIX

CBOE S&P 500 BuyWrite Index (BXM) at 1077.18, compared to its 10-day moving average of 1071.64 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 266.83, compared to its 50-day moving average of 261.31 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 9.73, compared to its 10-day moving average of 10.57. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) up 6c to 33.58

CBOE Volatility Index (VIX) closed at 11.40, compared to its 10-day moving average of 11.92 and its 50-day moving average of 13.53 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is up 12c to $192.84 as Asian and European stocks advance.

Calls with increasing volume at CBOE:

SPY   5/30/2014   192 60K contracts
ANR  1/17/2015     3.5 32K
PBR  7/19/2014     15  24K
EEM  6/21/2014    43  23K
AAPL 5/30/2014  640 16K