Blogging Options: CBOE Morning Update 6.27.14

10-year yield at 2.51% as several firms lower US growth forecast.  U of M report released after the opening.  End of quarter Monday.  Volatility as an asset class

DuPont  (DD) is down $1.95 to $65.55 in the premarket after revising its outlook for Q2 and 2014, due primarily to lower than expected quarterly performance of its Agriculture and, to a lesser extent, Performance Chemicals segments. Overall option implied volatility of 15 is below its 26-week average of 18.

Nike (NKE) is up $2.15 to $79.01 on Q4 earnings rising 5.4%.  Several upgrades by analysts.  July call option implied volatility is at 25, October and January is at 19, compared to its 26-week average of 22.

Finish Line (FINL) is higher by $1.55 to $30.70 in the premarket after the sporting goods retailer reported Q1 profit more than doubling as sales and margins expanded. July call option implied volatility is at 37, November is at 31; compared to its 26-week average of 33.

Options expected to be active @ CBOE: DD NKE TWTR MON PM FINL KBH MTW HCA FINL CMC PRGS BCS

CBOE S&P 500 BuyWrite Index (BXM) at 1077.42, compared to its 10-day moving average of 1078.43 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 266.70, compared to its 50-day moving average of 264.91 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 11.26, compared to its 10-day moving average of 11.23. 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 23c to 29.37

CBOE Volatility Index (VIX) closed at 11.63, compared to its 10-day moving average of 11.53 and its 50-day moving average of 12.34. cboe.com/VIX

CBOE Nasdaq-100 Volatility Index (VXN) @ 12.20, 50-day MA 15.19 stks.co/f0TCX

SPDR S&P 500 ETF Trust (SPY) is down 44c to $195 as U.S. indexes trend to a weekly decline.

Calls with increasing volume at CBOE:

SPY   6/27/2014 196  23K
RAD  8/1/2014 7.50  20K
PBR  1/17/2015 16   15K
VXX  7/3/2014    30  11K
CL    8/16/2014  70    9K
AAPL 6/27/2014 90   8K
BAC  8/16/2014 16   8K