CBOE Mid-Day Update 8.15.14

Volatility as an asset class

Applied Materials (AMAT) is recently up 94c to $22.09 after the semiconductor equipment maker posted strong Q3 profit, adjusted gross margin, and order growth. August weekly call option implied volatility is at 35, September is at 30, October and January is at 31; compared to its 26-week average of 33.

Nordstrom (JWN) is recently down $2.86 to $65.83 after narrowing FY14 EPS view to $3.80-$3.90 from $3.75-$3.90. September call option implied volatility is at 17, October and January is at 19; compared to its 26-week average of 23.

Autodesk (ADSK) is recently down $3.56 to $52.72 after hitting a fresh lifetime high on raising FY15 revenue growth view to 7%-9%. September call option implied volatility is at 27, October is at 30, January is at 31; compared to its 26-week average of 35.

Actives at CBOE:  AAPL GILD TSLA TWTR NFLX C KMI RSH PBR AMZN OXY KMI

Stocks with increasing volume @ CBOE: UVXY IRWD ACM CECO TCK JAH MNST AVB EDU DAR

CBOE DJIA BuyWrite Index (BXD) at 267.82, compared to its 50-day moving average of 267.79 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 1.89 to 14.31. VIX August 14, 15, 16, 17, 18 and 19 calls are active on 575K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 4.6% to 30.22

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 32% to 16.32; compared to its 10-day moving average of 15.10. stks.co/r0CS2

CBOE DJIA Volatility Index (VXD) up 14.1% to 13.43; compared to its 10-day moving average of 14.06.

CBOE Nasdaq-100 Volatility Index (VXN) up 8.1% to 14; compared to its 50-day moving average of 13.82.

S&P 100 Options (OEX) recently is recently down $3.80 to 864.98 on news services reporting increasing Ukraine tensions.