VIX closes yesterday at 7-year low (scroll down to see great article from Russell Rhoads last night). Weekly Jobless Claims slightly better than expected. AMZN was up ~$2 premarket, now off $2.75 after their first phone announced. European stocks up despite Russian troops massing on Ukrainian border again, Asian shares mixed. Gold & Silver up 1% overnight, while 10-year yield drops 4 basis points. Ag futures up overnight on very heavy rain through major growing areas.
Triple Witch tomorrow.
Volatility as an asset class: Red Hat (RHT) is up $2.45 to $55.55 after the open source software maker’s Q1 results topped estimates. June call option implied volatility is at 95, July is at 38, September is at 29; compared to its 26-week average of 33.
Jabil Circuit (JBL) is up $0.45 to $20.55 after the electronics manufacturer backed profit and growth expectations. June call option implied volatility is at 43, July is at 27, September and December is at 24; compared to its 26-week average of 31.
Starbucks (SBUX) is recently up $1.44 to $77 on UBS upgrading to Buy from Neutral. July call option implied volatility is at 21, August is at 20, October is at 18; compared to its 26-week average of 22.
Options expected to be active @ CBOE: RAD NOK KBR PLUG JBL RHT BBRY FB PIR CLC
CBOE S&P 500 BuyWrite Index (BXM) at 1079.68, compared to its 10-day moving average of 1079.30 cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) at 268, compared to its 50-day moving average of 263.71 cboe.com/micro/bxd/
CBOE S&P 500 Short-Term Volatility Index (VXST) is off 0.25 at 10.30 in the first half-hour of trading, compared to its 10-day moving average of 10.91. 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 9c to 29.10
CBOE Volatility Index (VIX) is off 0.05 to 10.56, compared to its 10-day moving average of 11.62 and its 50-day moving average of 12.85.
CBOE Volatility Index Put/Call Ratio @ 0.32.
SPDR S&P 500 ETF Trust (SPY) is flat at $196.25 as global stocks rallied after the U.S. Federal Reserve signaled that rising inflation won’t result in an interest rate rise.
Calls with increasing volume at CBOE Wednesday:
NOK 8/16/2014 9 162K contracts
XLP 6/21/2014 44 50K
AMAT 10/18/2014 24 16K
ASHR 10/18/2014 22 16K
SIRI 9/20/2014 3.50 13K
AAPL 6/21/2014 92.14 10K
SPY 6/21/2014 195 10K
VXX 6/21/2014 30.50 10K