CBOE Mid-Day Update 6.21.14

Volatility as an asset class

Kandi Technologies (KNDI) is recently up $1.93 to $21.57 after a Chinese newspaper reported that electric cars made outside of China would not qualify for a key tax break in the country, though domestically-made ones would. August call option implied volatility is at 90, September is at 74, December is at 67; compared to its 26-week average of 88.

Yum! Brands (YUM) is recently down $2.65 to $74.77 following news of a tainted meat scandal for KFC operations in China.  August call option implied volatility is at 17, September and January is at 16; compared to its 26-week average of 21.

Hasbro (HAS) is recently down $1.74 to $51.54 after the toy maker’s Q2 revenue missed analysts’ consensus forecast and its Games division reported a significant decline in sales.  August call option implied volatility is at 21, September is at 17 and January is at 18; compared to its 26-week average of 20.

Actives at CBOE:  AAPL DG TSLA GILD C BIDU RFMD TWTR AMZN

Stocks with increasing volume @ CBOE:  AKS CLF EZPW STLD FL OREX CROX NIHD EXTR BBT

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up $1.45 to 13.50; compared to its 10-day moving average of 11.91. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 66c 270.59, compared to its 50-day moving average of 267.18 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 1.01 to 13.07. VIX August 16, 17 and 18 calls are active on 165K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 3.1% to 28.75.

CBOE DJIA Volatility Index (VXD) up 71c to 12.30; compared to its 10-day moving average of 11.44.

CBOE Nasdaq-100 Volatility Index (VXN) up 1.16 to 14.56; compared to its 50-day moving average of 13.71.

S&P 100 Options (OEX) recently is recently down $3.04 to 876.48 on the events in both Israel and Russia, which have pushed earnings into the background for now.