Blogging Options: CBOE Morning Update 7.2.14

June ADP Report showed 281k new jobs, far above estimates in the low 200’s.  Wall Street firms adjusting their NFP (due tomorrow morning) higher.  ISM showing opposite results for small businesses, but tomorrow we’ll see.  Challenger Job Cuts and Factory Orders released later today.  Stock Futures moved higher on ADP as DJIA approaches 17k.  And a belated Happy Canada Day to our Northern neighbors.  A minor social media shenanigan – someone on Wikipedia changed the Secretary of Defense to Tim Howard – US World Cup goalie.  Very appropriate.  Volatility as an asset class:

VIX methodology for Goldman Sachs (VXGS) at 19.27; above its 10-day moving average of 18.57, 50-day moving average is at 18.59. www.cboe.com/VXGS

VIX methodology for Apple (VXAPL) at 24.27; above its 10-day moving average of 22.39, 50-day moving average is at 21.56. www.cboe.com/VXAPL

VIX methodology for Amazon (VXAZN) at 33.43; above its 10-day moving average of 30.64, 50-day moving average is at 30.75. www.cboe.com/VXAZN

VIX methodology for Google (VXGOG) at 25.82; below its 10-day moving average of 27.28, and above its 50-day moving average is at 23.08. www.cboe.com/VXGOG

VIX methodology for IBM (VXIBM) at 20.55; above its 10-day moving average of 20.40, 50-day moving average is at 17.78. www.cboe.com/VXIBM

GoPro (GPRO) options begin trading options on July 7 at CBOE.

Options expected to be active @ CBOE: BMY JPM PAYX STZ

Equity Option Volume at CBOE 1,212,579 calls, 623,259 puts, 1,835,838 total CBOE.com

CBOE S&P 500 BuyWrite Index (BXM) at 1083.20, compared to its 10-day moving average of 1078.80 cboe.com/BXM

CBOE S&P 500 Short-Term Volatility Index (VXST) at 10.05, compared to its 10-day moving average of 10.74. 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 down 10c to 27.74

CBOE Volatility Index (VIX) closed at 11.15, compared to its 10-day moving average of 11.23 and its 50-day moving average of 12.20 cboe.com/VIX

CBOE Nasdaq-100 Volatility Index (VXN) at 11.98, above its 10-day moving average of 11.23 stks.co/f0TCX

SPDR S&P 500 ETF Trust (SPY) is up 0.11 to $197.12 with ADP #’s and as Asian and European stock rally

Calls with increasing volume at CBOE:

EBAY  7/19/2014  52.50 34K contracts
QQQ  7/19/2014  94   22K
EBAY  7/19/2014  49   18K
SPY     7/3/2014  197.50 16K
IWM   8/16/2014 122  11K
CSCO 9/20/2014   27    9K