Stocks modestly higher as a news source claims Premier Putin has tweeted (?) that Russia would be agreeable to talks to settle the Ukraine tensions. ‘overseas markets slightly lower. Train is empty coming in to work today. Who was that good looking guy on CBOETV yesterday talking about XSP options? 26th anniversary of the first night game at Wrigley Field. Volatility as an asset class:
Monster Beverage (MNST) is up 91c to $66 in the premarket on a Q2 profit beat and positive outlook. August weekly call option implied volatility is at 85, August is at 49, September is at 36, December is at 32; compared to its 26-week average of 34.
Nvidia (NVDA) is up 79c to $18.25 as the chip maker reported better than expected Q2 results and provided stronger than expected guidance. August weekly call option implied volatility is at 89, August is at 57, September is at 43, December is at 30; compared to its 26-week average of 33.
SolarCity (SCTY) is up $2.87 to $78.50 in the premarket on the provider of clean energy reporting better than expected Q2 results. August weekly call option implied volatility is at 186, August is at 100, September is at 76, October is at 64, January is at 56; compared to its 26-week average of 63.
Options expected to be active @ CBOE: SCTY LULU CSC CBS MGA MELI CECO NVDA MNST DV ZNGA GPS DRC
CBOE Volatility Index (VIX) Put/Call Ratio 0.36 CBOE.com
CBOE SKEW INDEX (SKEW) at 124.68, below 50-day MA of 131.94. 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 1068.24, compared to its 10-day moving average of 1082.97 cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) at 262.06 compared to its 50-day moving average of 267.87 cboe.com/micro/bxd/
CBOE S&P 500 Short-Term Volatility Index (VXST) at 16.76, compared to its 10-day moving average of 15.42. 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 down 5c to 34.57
CBOE Volatility Index (VIX) closed at 16.66, compared to its 10-day moving average of 15.08 and its 50-day moving average of 12.35. cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is up $0.42 to $191.45 as President Barack Obama authorized targeted airstrikes and emergency assistance missions in northern Iraq.
Calls with increasing volume at CBOE:
PBR 11/22/2014 23 27K contracts
SPY 8/8/2014 194 26K
EEM 12/20/2014 44 20K
PBR 11/22/2014 18 16K
AAPL 8/8/2014 96 12K
YHOO 10/18/2014 42 12K
PFE 10/18/2014 31 11K
Puts with increasing volume at CBOE:
SPY 9/20/2014 190 39K contracts
QCOM 1/17/2015 65 18K
IWM 8/16/2014 110 9K