CBOE Mid-Day Update 8.8.14

Talk of peace in southern Europe pushing stocks higher.  VIX Futures showed (preliminary numbers) over 49k contracts trade in the overnight session.  Slightly less than 600k SPX and 300k VIX Options trade by mid-day today. Volatility as an asset class:

Lululemon (LULU) is up $1.17 to $40.20 following announcement that founder Chip Wilson will sell half his stake to Advent International. August call option implied volatility is at 35, September is at 46, December is at 41; compared to its 26-week average of 37.

Gap (GPS) is higher by $2.34 to $42.53 after the retailer announced July same-store sales rose 2% and issued Q2 EPS outlook above the consensus estimate. August call option implied volatility is at 23, September is at 26, December is at 25; compared to its 26-week average of 27.

Tekmira (TKMR) is up $4.50 to $18.75 after announcing that the FDA verbally confirmed they have modified the full clinical hold placed on the TKM-Ebola to a partial clinical hold.  August call option implied volatility is at 143, September is at 111, December is at 93, March is at 88; compared to its 15-week average of 99.

Actives at CBOE:  AAPL TSLA C NFLX TWTR SD SCTY AMZN ZNGA GILD AMZN

Stocks with increasing volume @ CBOE: COH APC JOE DKS TDS

CBOE DJIA BuyWrite Index (BXD) is up 1.19 to 263.25, compared to its 50-day moving average of 267.80 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 26c to 16.40. VIX August 18 calls and 14 puts are active on 195K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 21c to 34.40.

CBOE S&P 500 Short-Term Volatility Index (VXST) is down 1.8% to 16.46; compared to its 10-day moving average of 15.89. stks.co/r0CS2

CBOE DJIA Volatility Index (VXD) down 1.7% to 15.36; compared to its 10-day moving average of 14.55.

CBOE Nasdaq-100 Volatility Index (VXN) up 0.1% to 17.38; compared to its 50-day moving average of 13.81.

S&P 100 Options (OEX) recently is up $3.10 to 852.20 on decreasing nervousness after President Barack Obama authorized targeted airstrikes and emergency assistance missions in northern Iraq.