Blogging Options: CBOE Mid-day Update 8.11.14

Volatility as an asset class

MannKind (MNKD) is recently up 79c to $8.93 after the development-stage biopharmaceutical company announced that it has formed an exclusive licensing agreement for the development and commercialization of Afrezza inhaled insulin with Sanofi (SNY). August call option implied volatility is at 92, September is at 73, January is at 62; compared to its 26-week average of 99.

Tesla Motors (TSLA) is recently up $14.05 to $262.20 after Deutsche Bank upgraded its rating on to Buy saying it expects the electric car maker to be much more profitable than previously thought following comments on the company’s Q2 earnings call.  August call option implied volatility is at 40, September is at 39, December is at 41; above its 26-week average of 52.

Dean Foods (DF) is recently down $1.01 to $14.80 says full-year guidance withdrawn over milk cost uncertainty.  August call option implied volatility is at 35, September and December and January is at 33; compared to its 26-week average of 34.

Actives at CBOE:  AAPL TSLA TWTR NFLX PBR AMZN CLF

Stocks with increasing volume @ CBOE: TKMR KMR MNKD SWI TITN BSX KMI DF NOAH AMLP AUXL

CBOE DJIA BuyWrite Index (BXD) is recently up 88c to 265.92, compared to its 50-day moving average of 267.82 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 1.94 to 13.84. VIX August 15, 16, 17, 20, 23 calls and 14 puts are active on 515K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 1.84 to 31.29.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 6.9% to 14.33; compared to its 10-day moving average of 16.01. stks.co/r0CS2

CBOE DJIA Volatility Index (VXD) down 9.3% to 13.43; compared to its 10-day moving average of 14.63.

CBOE Nasdaq-100 Volatility Index (VXN) down 8.6% to 15.55; compared to its 50-day moving average of 13.84.

S&P 100 Options (OEX) recently is recently up $4.12 to 862.04 on easing tensions in Ukraine.