Blogging Options: CBOE Morning Update 7.30.14

ADP July number misses expectations (gain of 219k jobs versus 230k expected and 281k rise in June), but first peek at Q2 GDP showed a jump to + 4% (+3% expected).  Part of the GDP data was estimated due to incomplete June #’s, so expect revisions when second look and final Q2 announced).  Q1 GDP revised to a drop of 2.1% from a 2.9% slide.  10-year yield pops to ~2.51%.  Stocks liked the GDP #, FED expected to continue to taper. Volatility as an asset class

Twitter (TWTR) is up $9.54 to $48.10 in the premarket after the company reported stronger than expected Q2 results and user metrics, and provided higher than expected EBITDA guidance. August weekly call option implied volatility is at 168, August is at 70, September is at 57, November is at 56; compared to its 26-week average of 56.

Panera Bread (PNRA) is up $2.68 to $149.30 after reporting Q2 EPS $1.82, compared to consensus $1.74. August weekly call option implied volatility is at 41, September is at 29, January is at 24; compared to its 26-week average of 28.

SodaStream (SODA) is up $2.48 to $32.25 in the premarket after reporting Q2 EPS 43c, consensus 31c. August weekly call option implied volatility is at 139, September is at 61, October is at 54, January is at 47; compared to its 26-week average of 49.

Options expected to be active @ CBOE: TWTR BWLD SODA AXP DWA PNRA AMGN X BCS FB VIX

CBOE S&P 500 BuyWrite Index (BXM) at 1093.48, compared to its 10-day moving average of 1092.67 cboe.com/BXM

DJIA BuyWrite Index (BXD) at 269.79, compared to its 50-day moving average of 267.98 cboe.com/micro/bxd/

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 25c to 28.37.

CBOE Volatility Index (VIX) at 13.28, compared to its 10-day moving average of 12.45 and its 50-day moving average of 11.78. cboe.com/VIX

CBOE S&P 500 Short-Term Volatility Index (VXST) at 13.47, compared to its 50-day moving average of 11.07 stks.co/r0CS2

SPDR S&P 500 ETF Trust (SPY) is up $0.53 to $197.43 as investors digest the latest round of earnings reports and into the Fed which concludes its two day FOMC meeting this afternoon.

Calls with increasing volume at CBOE:

VXX     8/16/2014   52   18K contracts
TWTR 8/16/2014   40   14K
SPY     8/1/2014  198   13K
AAPL  8/1/2014  100     9K
CNP    9/20/2014  27    9K
DD      9/20/2014 67.50 8K