CBOE Mid-Day Update 6.22.14

Volatility as an asset class

Coca-Cola (KO) is recently down $1.26 to $41.13 on the beverage company sees structural items hurting second half EPS by 2c. July weekly call option implied volatility is at 18, August is at 10, September and January is at 11; compared to its 26-week average of 15.

Harley-Davidson (HOG) is recently down $4.04 to $63.02 after the heavy weight motorcycle company reported a 30% rise in profit on disappointing retail sales. August call option implied volatility is at 21, November is at 20; compared to its 26-week average of 24.

Polaris (PII) is recently up $12.97 to $146.14 on Q2 EPS increasing 26% to $1.42 on 20% sales growth. August call option implied volatility is at 24, December is at 21; compared to its 26-week average of 24.

Actives at CBOE:  AAPL MCD AA KO BIDU AMAT BIDU AMAT TSLA GILD C TWTR AMZN

Stocks with increasing volume @ CBOE:  YPF AA SBAC KS EDU PII GALT EJ AXL HLF

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down $1.44 to 11.51; compared to its 10-day moving average of 11.84. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 62c 271.50, compared to its 50-day moving average of 267.34 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 86c to 11.95. VIX August 13 and 14 calls are active on 165K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 82c to 27.69.

CBOE DJIA Volatility Index (VXD) down 61c to 11.34; compared to its 10-day moving average of 11.43.

CBOE Nasdaq-100 Volatility Index (VXN) down 82c to 13.35; compared to its 50-day moving average of 13.63.

S&P 100 Options (OEX) recently is recently up $5 to 882.78 on solid corporate earnings.