CBOE Mid-Day Update 8.5.14

Volatility as an asset class

Target (TGT) is recently down $1.80 to $58.90 after lowering its Q2 adjusted EPS view on a data breach and discounts. August and September call option implied volatility is at 21, October is at 18; compared to its 26-week average of 18.

Cablevision (CVC) is recently down 87c to $18.57 on a decrease in video subscribers. August call option implied volatility is at 29, September is at 25, December and January is at 23; compared to its 26-week average of 27.

MGM Resorts (MGM) is recently down on less than expected Macau Q2 results, but better than expected Las Vegas results. Q2 EPS were 21c, compared to consensus 11c. August call option implied volatility is at 34, September is at 26, October and December is at 27; compared to its 26-week average of 33.

Actives at CBOE:  AAPL TSLA C NFLX TWTR AMZN PBR BAC MGM BP

Stocks with increasing volume @ CBOE:  Z FSLR WFM ALLT NBL SALE JNUG CVC DLPH

CBOE DJIA BuyWrite Index (BXD) down 1.30 to 263.62, compared to its 50-day moving average of 268.01 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 59c to 15.70. VIX August 15, 16, 23 and 24 calls are active on 148K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 2.9% to 32.47.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 3.6% to 15.40; compared to its 10-day moving average of 14.12. stks.co/r0CS2

CBOE DJIA Volatility Index (VXD) up 2.2% to 14.80; compared to its 10-day moving average of 13.31.

CBOE Nasdaq-100 Volatility Index (VXN) up 2.9% to 16.52; compared to its 50-day moving average of 13.59.

S&P 100 Options (OEX) recently is recently down $6.10 to 855.88 as investors renew their concerns of global growth concerns.