CBOE Mid-Day Update 6.2.14

Revisions higher (the second adjustment to seasonal adjustments) to ISM data has some traders scratching their heads. 10-year dipped below 2.5% briefly.  Major averages mixed. Volatility as an asset class:

Apple (AAPL) is down $3.12 to $629.90 on the start of Worldwide Developers Conference 2014. June weekly call option implied volatility is at 30, June is at 28, July is at 22, September is at 22; compared to its 26-week average of 22.

VIX methodology for Apple (VXAPL) -0.4% to 24.54, compared to its 10-day MA of 21.58.  CBOE.com/VXAPL

Conn’s (CONN) is up $2.72 to $49.36 after the retailer of durable consumer goods that provides consumer credit to support its customers’ purchases, are rising after Q1 results beat analysts’ consensus estimates. June 50 call option implied volatility is at 56, July and October is at 50; compared to its 26-week average of 58.

MasTec (MTZ) is down $4.06 to $31.84 after the infrastructure construction company lowered its Q2 earnings per share and revenue view. June call option implied volatility is at 42, July and October is at 35; compared to its 26-week average of 33.

Actives at CBOE:  AAPL TWTR TSLA NFLX HPQ FB ABX GOOG

Stocks with increasing volume @ CBOE: LNG KKD RNG VGK GCI IMUC EXH GREK RMBS

CBOE S&P 500 Short-Term Volatility Index (VXST) up 83c to 10.56; compared to its 10-day moving average of 10.52. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% 266.89, compared to its 50-day moving average of 261.46 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 3.2% to 11.76. VIX June 19 calls and June 13 puts are active on 243K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 16c to 33.67.

CBOE DJIA Volatility Index (VXD) up 4.2% to 11.15; compared to its 50-day moving average of 12.61.

CBOE Nasdaq-100 Volatility Index (VXN) up 4.4% to 14.38; compared to its 50-day moving average of 17.19

S&P 100 Options (OEX) recently down 74c to $851.96 after the Institute for Supply Management corrected the reading in its May factory index to show manufacturing beat estimates.