CBOE Mid-Day Update 6.4.14

Stocks drifting, slightly higher for the day.  VIX also fractionally higher.  Option volume modest at ~9.1mm contracts mid-day.  SPX showed 400k contracts traded and VIX trading slowed to 300k.  Travelers only DJIA stock moving more than 1 point, up $1.20.  Beige Book showed economy growing in all 12 regions, but growth is modest at best.

Shares of Chinese solar stocks are pulling back after the U.S. Commerce department made a preliminary decision on tariffs on a variety of Chinese solar products.

Canadian Solar (CSIQ) is down 89c to $24.21.  Overall option implied volatility of 61 compares to its 26-week average of 72.

Trina Solar (TSL) is down 23c to $12.74.  Overall option implied volatility of 61 compares to its 26-week average of 73.

JinkoSolar (JKS) is down $1.14 to $25.89.  Overall option implied volatility of 67 compares to its 26-week average of 78.

Yingli Green Energy (YGE) is down 15c to $2.81.  Overall option implied volatility of 82 compares to its 26-week average of 83.

ReneSola (SOL) is down 9c to $2.22.  Overall option implied volatility of 88 compares to its 26-week average of 89.

Apple (AAPL) October 675 and 700 calls are active on total CBOE volume of 480K contracts.

VIX methodology for Apple (VXAPL) +11% to 24.19, compared to its 10-day MA of 22.42.  CBOE.com/VXAPL

Actives at CBOE:  AAPL DIS MNKD DOW FB NQ TWTR NFLX SPX

Stocks with increasing volume @ CBOE: SPR EWP END PWE DXCM OSIR PIR MFRM JBLU VC

CBOE S&P 500 Short-Term Volatility Index (VXST) up 21c to 11.22; compared to its 10-day moving average of 10.42. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% 266.94, compared to its 50-day moving average of 261.86 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 1.1% to 12. VIX June 15 and 17 calls are active on 233K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 26c to 33.23.

CBOE DJIA Volatility Index (VXD) up 1.6% to 11.39; compared to its 50-day moving average of 12.55.

CBOE Nasdaq-100 Volatility Index (VXN) down 0.3% to 14.30; compared to its 50-day moving average of 17.06

S&P 100 Options (OEX) up 84c to $852.70 ahead Thursday’s European Central Bank meeting.