Traders and investors patiently awaiting FED announcement ~1pm CDT, that Taper will continue as scheduled. Current Account report showed largest deficit in over a year. Pre-market showed little movement after 3 days of movement higher in stock prices. June VIX Settlement will be reported shortly. Volatility as an asset class:
FedEx (FDX) is up $5.29 to $145.60 in the premarket after reporting Q4 EPS $2.46, compared to consensus $2.36 and expects growth to continue. June call option implied volatility of 31, July is at 19, October is at 17, January is at 18; compared to its 26-week average of 21.
Adobe (ADBE) is up $5.94 to $73.48 after reporting better than expected quarterly results citing strong subscriber trends for the company’s Creative Cloud. June call option implied volatility is at 43, July is at 28, October is at 27, January is at 25; compared to its 26-week average of 27.
La-Z-Boy (LZB) is off $2.50 $22.34 in the premarket after reporting Q4 revenue below expectations. Overall option implied volatility of 75 is above its 26-week average of 36.
CBOE Interest Rate 5 Year Note (FVX) @ 17.53. 50-day MA is 16.34 ahead of a U.S. Federal Reserve policy decision
CBOE Crude Oil Volatility Index (OVX) @ 17.39, WTI trades below $107. CBOE.com/OVX
Options expected to be active @ CBOE: ADBE FDX TSLA SCTY MU GM F ORCL ECYT LZB TBT TLT
CBOE S&P 500 BuyWrite Index (BXM) at 1078.96, compared to its 10-day moving average of 1079.11 cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) at 267.77, compared to its 50-day moving average of 263.50 cboe.com/micro/bxd/
CBOE S&P 500 Short-Term Volatility Index (VXST) at 12.68, compared to its 10-day moving average of 11.01. 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 15c to 30.82
CBOE Volatility Index (VIX) closed at 12.06, compared to its 10-day moving average of 11.76 and its 50-day moving average of 12.95.
SPDR S&P 500 ETF Trust (SPY) is recently down 3c to $194.80 before the Federal Reserve monetary policy decision.
Calls with increasing volume at CBOE:
EWJ 7/19/2014 11 60K contracts
VXX 6/21/2014 38 55K
CVX 9/20/2014 130 15K
IWM 6/21/2014 119 10K
AAPL 6/21/2014 92.86 9K
SPY 6/21/2014 194 8K
BAC 6/21/2014 15.50 8K