CBOE Mid-Day Update 8.12.14

Volatility as an asset class

Tesla Motors (TSLA) is recently down $2.26 to $257 on Model S ‘has more than its share of problems,’ Consumer Reports says. August call option implied volatility is at 40, September is at 39, December is at 41; compared to its 26-week average of 52.

Kate Spade (KATE) is recently down $7.80 to $31.24 after the retailer was ‘cautious’ on its FY16 outlook.  August call option implied volatility is at 101, September is at 50, January is at 38; compared to its 20-week average of 36.

Caesar’s Entertainment (CZR) is recently down $1.41 to $12.26 after the casino operator said its Q2 loss widened on strong Las Vegas results affected by weak Atlantic City and regional markets. August call option implied volatility is at 80, September is at 83, December is at 68; compared to its 26-week average of 53.

Actives at CBOE:  AAPL TSLA TWTR DE NFLX PBR AMZN MNKD KO

Stocks with increasing volume @ CBOE: KATE MGM ACM ARO TKMR ODP ICPT GPI FENG LINTA NDLS

CBOE DJIA BuyWrite Index (BXD) is recently down 63c to 264.74, compared to its 50-day moving average of 267.77 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently up 14c to 14.37. VIX August 14, 15, 16, 17, 20, 24 and 25 calls are active on 247K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 25c to 31.60.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 1% to 14.96; compared to its 10-day moving average of 16.21. stks.co/r0CS2

CBOE DJIA Volatility Index (VXD) up 0.5% to 13.73; compared to its 10-day moving average of 14.78.

CBOE Nasdaq-100 Volatility Index (VXN) up 0.3% to 15.30; compared to its 50-day moving average of 13.85.

S&P 100 Options (OEX) recently is recently down $1.84 to 858.39 as WTI Crude Oil pulls back 0.76% to $97.33