Blogging Options: CBOE Morning Update 7.9.14

US futures firm on AA beating estimates.  Asian markets a little shaky last night as economic date from China disappointed.  Oil lower this morning, grains steady.  A little surprising Germany smacked Brazil that hard in World Cup semi’s.   Volatility as an asset class

Alcoa (AA) is recently up $0.30 to $15.15 in the premarket after the metals company’s reported better than expected Q2 results. July weekly call option implied volatility is at 43, August and October is 26; compared to its 26-week average of 31.

Bob Evans (BOBE) is off $0.59 to $49.19 after the food products and restaurant company reported Q4 EPS 48c, consensus 41c. July call option implied volatility is at 59, August is at 40, September is at 36, December is at 31; compared to its 26-week average of 32.

Container Store (TCS) is down $4.02 to $23.05 in the premarket after reporting Q1 EPS, FY14 guidance below estimates. July option implied volatility is at 89, August is at 40, October is at 39; compared to its 26-week average of 44.

VIX methodology for iShares MSCI Brazil Index Fund (VXEWZ) at 24.60, 50-day moving average of 24.77 into Brazil’s 7 to 1 defeat to Germany.

Options expected to be active @ CBOE: FDO WFC BOBE TCS AA DAL UAL GIMO SDRL BP SHPG CELG

CBOE S&P 500 BuyWrite Index (BXM) at 1081.58, compared to its 10-day moving average of 1080.84 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 267.87, compared to its 50-day moving average of 265.88 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 11.64, compared to its 10-day moving average of 10.63. 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 37c to 27.82

CBOE Volatility Index (VIX) at 11.98, compared to its 10-day moving average of 11.37 and its 50-day moving average of 12.02. cboe.com/VIX

CBOE Volatility Index (VIX) Put/Call Ratio 0.32.

CBOE Nasdaq-100 Volatility Index (VXN) 13.73, compared to its 50-day MA 14.33 stks.co/f0TCX

SPDR S&P 500 ETF Trust (SPY) is recently up $0.55 to $196.79 as European stocks fall for the fourth day into June Fed Minutes meeting release.

SPDR S&P 500 ETF Trust has gone 56 days without a 1% drop.

Calls with increasing volume at CBOE:

SPY 7/11/2014 198 25K contracts
CBS 7/19/2014 80 17K
FB 7/25/2014 60 15K
SPY 7/25/2014 198 13K
WY 7/19/2014 38 13K
IWM 8/16/2014 120 12K
AAPL 7/11/2014 95 12K