Blogging Options: CBOE Morning Update 6.13.14

PPI for May dropped 0.2% (up 0.1% expected), Core Rate off 0.1%.  Oil prices continue to rise as Iraqi situation appears to worsen.  Friday the 13th.  Enjoy the US Open and World Cup this weekend. Happy retirement Joe Levine.  Volatility as an asset class

Express (EXPR) is up $3.50 to $17.05 in the premarket after Sycamore Partners  reported a 9.9% stake and said its it interested in conducting due diligence that could lead to a buyout of the clothing retailer. Overall options implied volatility of 51 is above its 26-week average of 45.

Intel (INTC) is up $1.86 to $29.82 in the premarket after raising quarterly and fiscal 2014 outlook. Overall option implied volatility of 18 is below its 26-week average of 20.

Finisar (FNSR) is down $5.48 to $19.79 in the premarket after the telecommunications-equipment provider reported less than expected quarterly results. Overall option implied volatility of 54 is above its 26-week average of 46.

CBOE Crude Oil Volatility Index (OVX) @ 19.17, WTI above $107.  CBOE.com/OVX

Options expected to be active @ CBOE:  EXPR INTC TWTR HPQ OPEN YELP PCLN FNSR BBRY MNKD GRUB

CBOE S&P 500 BuyWrite Index (BXM) at 1079.08, compared to its 10-day moving average of 1078.53 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 267.44, compared to its 50-day moving average of 263.02 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 11.99, compared to its 10-day moving average of 10.46. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 14c to 32.51

CBOE Volatility Index (VIX) closed at 12.56, compared to its 10-day moving average of 11.56 and its 50-day moving average of 13.02.

SPDR S&P 500 ETF Trust (SPY) is down 6c to $193.47 as the clashes in Iraq are fueling investors’ fears heading into the weekend. The price of crude oil, which was sharply higher yesterday, is up another 0.53% to $107.06.

Calls with increasing volume at CBOE:

SIRI 12/20/2014 3.50 48K contracts
AMAT 7/19/2014 23 30K
PPL 7/19/2014 34 15K
SPY 6/13/2014 194 15K
VXX 1/17/2015 90 14K
PM 7/19/2014 90 12K
AAL 11/22/2014 39 8K
GDX 6/21/2014 24 8K