CBOE Mid-Day Update 7.23.14

Volatility as an asset class

Boeing (BA) is recently down $3.21 to $126.53 after raising 2014 EPS outlook, however renewed concerns on the KC-46 tanker program and a $425M charge on Pegasus jets. July weekly call option implied volatility is at 23, August is at 18, October is at 15; compared to its 26-week average of 21.

Biogen (BIIB) is recently up $34.71 to $338.69 after raising its 2014 profit forecast. July weekly call option implied volatility is at 43, August is at 29, September is at 26, January is at 30; compared to its 26-week average of 33.

Intuitive Surgical (ISRG) is recently up $56.37 to $448.53 after the robotic medical device company reported better than expected Q2 results. July weekly call option implied volatility is at 47, August is at 32, September and January is at 28; compared to its 26-week average of 36.

Actives at CBOE:  AAPL MSFT C TSLA NFLX TWTR GILD AA

Stocks with increasing volume @ CBOE: XLNX FTNT INO PBYI FOLD TLM CBAK ELY JNPR INFN

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 54c to 11; compared to its 10-day moving average of 11.89. VXST is a market-based gauge of expectations of 9-day volatility stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 22c 271.28, compared to its 50-day moving average of 267.47 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 29c to 11.95. VIX August 15 and 19 calls are active on 138K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 20c to 28.14.

CBOE DJIA Volatility Index (VXD) down 1c to 11.43; compared to its 10-day moving average of 11.50.

CBOE Nasdaq-100 Volatility Index (VXN) down 38c to 12.88; compared to its 50-day moving average of 13.50.

S&P 100 Options (OEX) recently is recently up $2.68 to $885.08 on Apple (AAPL) and Microsoft (MSFT), which are both higher following their earnings reports last night.