Chinese and European economic data soft overnight. Target off ~$2.60 as it lowers forecast. Oil, metals and grains lower overnight. ISM report 30-minutes into trading day will be watched. 2″ of rain last night in parts of Chicago. Volatility as an asset class
Coach (COH) is up $2.04 to $36.35 in the premarket after reporting Q4 EPS 59c ex-items, compared to consensus 53c; revenue was $1.14B, consensus $1.09B. August weekly calls option implied volatility is at 76, August is at 48, September is at 34, November is at 37, January is at 32; compared to its 26-week average of 29.
CVS Caremark (CVS) is up $1 to $78.37 after reporting better than expected Q2 earnings and revenues. Overall option implied volatility of 19 is at its 26-week average.
AIG (AIG) is up $1.09 to $53.75 in the premarket after reporting Q2 results and an additional $2B share repurchase authorization. August weekly call option implied volatility is at 47, September is at 27, November is at 212 compared to its 26-week average of 23.
Options expected to be active @ CBOE: TGT ATVI DIS AIG ESI LF THC COH GCI CVS THC MSI NILE GTAT PCLN TGT VIX
CBOE SKEW INDEX (SKEW) at 128.96, below 50-day MA of 131.92. SKEW measures the purchase of out-of-the-money S&P 500 Index puts that require a very large downside move to profit from long put positions. An increase of this index indicates greater expectations for an extreme down move.
CBOE S&P 500 BuyWrite Index (BXM) at 1083.14, compared to its 10-day moving average of 1091.51 cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) at 265.01 compared to its 50-day moving average of 268.07 cboe.com/micro/bxd/
CBOE S&P 500 Short-Term Volatility Index (VXST) at 14.87, compared to its 10-day moving average of 13.73. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2
iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 65c to 32.19
CBOE Volatility Index (VIX) closed at 15.12, compared to its 10-day moving average of 13.65 and its 50-day moving average of 12.05. cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is down 0.82 to $193.07 as international bond prices pull back.
Calls with increasing volume at CBOE:
F 9/20/2014 17 15K contracts
SPY 9/20/2014 205 13K
IWM 8/16/2014 112 13K
XLF 1/17/2015 23 10K
GRPN 8/16/2014 7.50 10K
AAPL 8/8/2014 98 6K
GFI 1/17/2015 4 6K