Blogging Options: CBOE Mid-day Update 7.7.14

Volatility as an asset class

IShares Barclay 20+ YR Treasury ETF (TLT) is recently up $1.01 to $111.70 into FOMC Minutes that are due Wednesday for the June 17-18 policy meeting. July weekly call option implied volatility is at 10, July is at 8, August, September and October is at 9; compared to its 26-week average of 10.

Tesla (TSLA) is recently down $5.61 to $223.65 as the company will be investigating the remains of a stolen Model S that crashed, split in half, and burned following a high speed chase in Los Angeles on July 4th. July weekly call option implied volatility is at 52, July is at 45, August is at 51, September is at 46; compared to its 26-week average of 54.

Bed Bath & Beyond (BBBY) is recently down 3c to $59.32 after its board authorized a new $2B share repurchase program and after Bank of America Merrill Lynch downgraded the stock to an Underperform from a Neutral rating. July and August call option implied volatility is at 18, November is at 20; compared to its 26-week average of 26.

GoPro (GPRO) is recently up 75c to $42.36.  July 42, 43 & 45 calls are active @ CBOE.

Actives at CBOE:  AAPL TSLA TWTR ACI GILD AMZN FB AA

Stocks with increasing volume @ CBOE:  INFA CBSO MTL BRFS TWO SNX URS SIMO UBS FTNT GALT

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 1.90 to 10.44; compared to its 10-day moving average of 10.49. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 0.1% to 268.80, compared to its 50-day moving average of 265.73 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 10.9% to 11.44. VIX July 12, 13 and August 16 calls are active on 191K contracts @ CBOE cboe.com/VIX
iPath S&P 500 VIX Short-Term Futures (VXX) up 52c to 27.69.

CBOE DJIA Volatility Index (VXD) up 0.1% to 11.16; compared to its 10-day moving average of 11.05.

CBOE Nasdaq-100 Volatility Index (VXN) up 1.04 to 10.75; compared to its 50-day moving average of 11.42.

S&P 100 Options (OEX) recently is recently down 2.88 to 875.28 on statements by IMF head Christine Lagarde that were seen as hints that the organization will cut its world GDP forecast.

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