Blogging Options: CBOE Mid-day Update 6.11.14

Volatility as an asset class

Amazon.com Amazon.com (AMZN) is recently up $5.89 to $338.26 after Goldman Sachs upgraded shares to Conviction Buy into a launch event on June 18th.  June call option implied volatility is at 33, July is at 28, August is at 33, October is at 29; compared to its 26-week average of 30.

VIX methodology for Amazon $VXAZN +4.4% to 30.04, 50-day MA 34.63.

Hilton (HLT) is recently 58c to $22.85 after filing to sell 90M in common stock for holders. June call option implied volatility is at 25, July is at 22, August is at 24; compared to its 26-week average of 25.

Rambus (RMBS) is recently up 81c to $13.17 after signing license agreement with Qualcomm (QCOM) and raising its Q2 revenue view. June call option implied volatility is at 38, July is at 36, August is at 35; compared to its 26-week average of 42.

Actives at CBOE:  AAPL TWTR AMZN TWTR TSLA PBR FB NFLX MRK MNKD BIDU

Stocks with increasing volume @ CBOE: TAP CLSN HLT AMKR PPG ATML END AVNR ACHN OREX MTGE

CBOE S&P 500 Short-Term Volatility Index (VXST) up 60c to 10.12; compared to its 10-day moving average of 10.12. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 0.1% to 267.76, compared to its 50-day moving average of 262.87 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 3.1% to 11.33. VIX June 13, 14 and 16 calls are active on 263K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 48c to 30.67.

CBOE DJIA Volatility Index (VXD) up 3.3% to 11.03; compared to its 50-day moving average of 12.21.

CBOE Nasdaq-100 Volatility Index (VXN) down 1.3% to 13.39; compared to its 50-day moving average of 16.61

S&P 100 Options (OEX) recently down 2.36 to $862.30 on concerns global growth is slowing.