Blogging Options: CBOE Mid-day Update 6.10.14

Volatility as an asset class

3D Systems (DDD) is recently up 27c to $50.43 after the 3D printer manufacturer raised its FY14 revenue outlook. June call option implied volatility is at 46, July is at 44, August is at 47, November is at 44; compared to its 26-week average of 53.

Las Vegas Sands (LVS) is recently down $1 to $71.85 following a downgrade at UBS to Neutral and a price target cut to $79 from $88. The firm cited a slowdown in VIP spending in Macau as a reason for the recommendation change. June call option implied volatility is at 25, July is at 26, August and January is at 28; compared to its 26-week average of 31.

RadioShack (RSH) is recently down 15c to $1.39 after reporting a Q1 loss that exceeded analyst’s expectations. July call option implied volatility is at 133, October is at 104, January is at 97; compared to its 26-week average of 69.

Actives at CBOE:  AAPL TWTR FB NFLX KGC C AMZN MCP KO

Stocks with increasing volume @ CBOE: ATML ACHN TAP BEAV REN VRSN TREX QEP MCP SIRI

CBOE S&P 500 Short-Term Volatility Index (VXST) up 4c to 9.82; compared to its 10-day moving average of 10.34. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% 267.81, compared to its 50-day moving average of 262.70 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 0.7% to 11.23. VIX June 13 and 14 calls are active on 256K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 11c to 30.63.

CBOE DJIA Volatility Index (VXD) up 0.7% to 10.80; compared to its 50-day moving average of 12.26.

CBOE Nasdaq-100 Volatility Index (VXN) up 0.1% to 13.79; compared to its 50-day moving average of 16.71

S&P 100 Options (OEX) recently down 0.50c to $863.14 as the S&P 500 and the Dow Jones Industrial Average pull back from record highs on light volume.