Blogging Options: CBOE Morning Update 7.29.14

Slow news-night.  Overseas markets up fractionally as 2-day FED meeting begins, and few newsworthy comments expected.  VIX futures calm overnight.  Beautiful weather in midwest again this week, trains empty coming into downtown Chicago.  little Volatility as an asset classUPS (UPS) is down $3.00 to $99.66 in the premarket after cutting FY14 adjusted EPS view to $4.90-$5.00, consensus $5.09. Overall option implied volatility of 21 is above its 26-week average of 15.

Herbalife (HLF) is sharply lower, off $8.18 to $59.58 after the company’s Q2 results missed analysts’ estimates.   Option implied volatility of 58 is above its 26-week average of 52.

Wynn Resorts (WYNN) is down $1.54 to $209.43 (had been down over $6 earlier this morning) in the premarket after reporting Q2 adjusted EPS $2.11, consensus $1.95, however gambling revenue growth cooled in Macau. August weekly call option implied volatility is at 37, August is at 28, September is at 24, December is at 25; compared to its 26-week average of 29.

Options expected to be active @ CBOE:  HLF PFE MRK UPS TWTR PLUG GLW WYNN UPS COST WMT LNKD DDD TSLA VIX

CBOE S&P 500 BuyWrite Index (BXM) at 1096.40, compared to its 10-day moving average of 1092.99 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 270.69, compared to its 50-day moving average of 267.87 cboe.com/micro/bxd/

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 23c to 28.42.

CBOE Volatility Index (VIX) at 12.56, compared to its 10-day moving average of 12.32 and its 50-day moving average of 11.77. cboe.com/VIX

CBOE S&P 500 Short-Term Volatility Index (VXST) at 12.02, compared to its 50-day moving average of 10.97 stks.co/r0CS2

SPDR S&P 500 ETF Trust (SPY) is up $0.33 to $198.1`y3 into this week’s Federal Reserve meeting, July jobs reports and corporate results.

Calls with increasing volume at CBOE:

FB 8/16/2014 75 32K
IWM 8/16/2014 120 27K
EEM 12/20/2014 50 25K
AAPL 8/1/2014 99 10K
SPY 8/1/2014 198 10K
F 9/20/2014 17 8K

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