CBOE End of Holiday Shortened Trading Session Update 7.3.14

NQ Mobile (NQ) is down $2.23 to $4.53 after reporting that its auditor, PwC, has requested to expand the scope of its 2013 audit work and that the audit committee chair is stepping down from the board. NQ Mobile volatility up after auditor requested to expand scope of audit.  July call option implied volatility is at 200, August is at 144; compared to its 26-week average of 123.

PetSmart (PETM) is up $7.23 to $67.03 following earlier news that Jana Partners has taken a 9.9% stake in the company and seeks talks on a potential sale of the company. July call option implied volatility is at 37, August is at 34, January is at 25; compared to its 26-week average of 24.


Stocks with increasing volume @ CBOE:  NQ BBBY FCX FBHS NEM CBS LYB

CBOE S&P 500 Short-Term Volatility Index (VXST) is down 84c to 8.58; compared to its 10-day moving average of 10.58. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE Volatility Index (VIX) down 41c to 10.41. VIX July 13 and 14 calls are active on 149K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 42c to 27.13.

S&P 100 Options (OEX) recently is up $4.28 to 877.60 into July 4th weekend.