Blogging Options: CBOE Morning Update 6.19.14

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