Blogging Options: CBOE Mid-day Update 6.13.14

Volatility as an asset class

Priceline (PCLN) is recently down $21.20 to $1204.80 after acquiring OpenTable (OPEN) for $2.6B. June call option implied volatility is at 25, July and August is at 25; compared to its 26-week average of 29.

Intel (INTC) is recently up $2.03 to $29.99 on a positive preannouncement citing strong demand for business PCs. June call option implied volatility is at 24, July is at 28, October is at 24; compared to its 26-week average of 19.

Hertz (HTZ) is recently up 11c to $26.67. June 26, 27, 28 and 29 calls are active at the CBOE.  June call option implied volatility is at 49, July is at 39, September and December is at 38; compared to its 26-week average of 35.

CBOE Interest Rate 5 Year Note (FVX) is recently up 2.4% to 17 into Federal Reserve monetary policy meeting next week

Actives at CBOE:  AAPL TWTR C NFXL AMZN SIRI TSLA AMAT MO CLF FB

Stocks with increasing volume @ CBOE: REY OPEN URA ARWR TSRA MHFI SYY EXPR GPI GES

CBOE S&P 500 Short-Term Volatility Index (VXST) down 41c to 11.55; compared to its 10-day moving average of 10.64. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% to 267.64, compared to its 50-day moving average of 263.17 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 3.1% to 12.17. VIX June 13, 14, 15 and 17 calls are active on 542K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 58c to 31.79.

CBOE DJIA Volatility Index (VXD) down 1.2% to 11.83; compared to its 50-day moving average of 12.20.

CBOE Nasdaq-100 Volatility Index (VXN) up 0.2% to 13.88; compared to its 50-day moving average of 16.50

S&P 100 Options (OEX) recently up 2.68 to $857.18 as traders focus on Intel and mergers and acquisitions as turmoil increases in the Iraq.