CBOE Mid-Day Update 6.20.14

Volatility as an asset class

CarMax (KMX) is recently up $7.16 to $52.48 after Q1 earnings beat analyst’s consensus. July call option implied volatility is at 20, October and January is at 21; compared to its 26-week average of 28.

Darden (DRI) is recently down $1.65 to $47.85 after reporting Q4 earnings. July, October and January call option implied volatility is at 19; compared to its 26-week average of 24.

AK Steel (AKS) is recently down 7c to $7.37 after giving lower than expected Q2 EPS guidance affected by lower production at blast furnaces. July call options implied volatility is at 50, August and December is at 49; compared to its 26-week average of 55.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) is recently up 8c to Blog227.92, compared to its 50-day moving average of 29.09.

CBOE Gold Volatility Index (GVZ) is recently down 71c to 13.77, compared to its 50-day moving average of 14.61 as gold trades above $1321 cboe.com/GVZ

Actives at CBOE:  AAPL SIRI TSLA TWTR AMZN FB NFLX ORCL

Stocks with increasing volume @ CBOE:  APA BMRN LLY VVUS OPK

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 35c to 9.72; compared to its 10-day
moving average of 10.87. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 0.1% to 268.09, compared to its 50-day moving average of 263.92 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 2.1% to 10.40. VIX July 14, 18, 20 and 24 calls are active on 225K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 1c to 29.03.

CBOE DJIA Volatility Index (VXD) down 2.4% to 10.37; compared to its 10-day moving average of 11.47.

CBOE Nasdaq-100 Volatility Index (VXN) down 19c to 12.31; compared to its 50-day moving average of 15.94.

S&P 100 Options (OEX) recently is recently up $1.60 to 866.98 as higher energy prices and deal activity pushed indexes to record levels.