Blogging Options: CBOE Morning Update 6.3.14

Auto makers report sales this morning, upbeat numbers expected (Chrysler best results in 6 years).  Two minor economic reports this morning overseas, both weak.  Factory Orders out at 9:00am CDT, up 0.5% to 0.6% anticipated.  AAPL enters day 2 of WWDC, shares flat pre-market.  Volatility as an asset class:

AT&T (T) is up $0.07 to $35.44 in the premarket after raising FY14 guidance for revenue growth and reaffirming FY14 guidance for stable consolidated margins. Overall option implied volatility of 14 is near its 26-week average of 15.

Krispy Kreme (KKD) is down $2.08 to $16.92after it lowers FY15 EPS view to 69c-74c from 73c-79c. June call option implied volatility is at 56, July is at 45, October is at 40; compared to its 26-week average of 44.

Las Vegas Sands (LVS) is down $1.73 to $75.70 in the premarket after Macau reported May casino revenue up 9.3% to 32.35B. Overall option implied volatility of 27 is below its 26-week average of 30.

Options expected to be active @ CBOE: HSH KKD DG NOK RIO AZN FB VIX F VIX

CBOE S&P 500 BuyWrite Index (BXM) at 1077.54, compared to its 10-day moving average of 1072.81 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 266.94, compared to its 50-day moving average of 261.46 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 10.47, compared to its 10-day moving average of 10.51. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) up 21c to 33.59

CBOE Volatility Index (VIX) closed at 11.58, compared to its 10-day moving average of 11.84 and its 50-day moving average of 13.47.

SPDR S&P 500 ETF Trust (SPY) is down $0.53 to $192.36 as European stocks falls as investors weigh ECB rate cute outlook

Calls with increasing volume at CBOE:

EWJ   6/21/2014    11    27K contracts
SPY   8/16/2014  200    17K
DXJ    8/16/2014   50.38 13K
HPQ  6/21/2014   35    10K
IWM  6/21/2014 100     9K
GLD  8/16/2014 128     6K
AAPL 6/6/2014   630     6K