CBOE Mid-Day Update 8.29.14

Volatility as an asset class

Tesla Motors (TSLA) is recently up $6.90 to $270.66 as shares trade at a record high on signing an agreement with China Unicom (CHU) to construct 400 charging points in 120 cities at the China’s company’s outlets, according to Bloomberg, citing comments from Tesla spokeswoman Peggy Yang. September weekly call option implied volatility is at 27, September is at 29, December is at 36; compared to its 26-week average of 50.

Facebook (FB) is recently up 80c to $74.65.  September weekly call option implied volatility is at 21, September is at 25, October is at 26, December is at 30; compared to its 26-week average of 40 according to Track Data, suggesting decreasing price movement.

Twitter (TWTR) is recently down 7c to 49.67 on 160K contracts at the CBOE.  September weekly call option implied volatility is at 40, September is at 41, November is at 48; compared to its 26-week average of 50.

Actives at CBOE:  AAPL TSLA C TWTR NFLX BAC AMZN C

Stocks with increasing volume @ CBOE: OXY HD RSH UTHR IRF

CBOE DJIA BuyWrite Index (BXD) down 5c to 269.84, compared to its 50-day moving average of 268.12 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) up 11c to 12.16. VIX September 16 and 21 calls are active on 128K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 0.9% to 28.16

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 5.2% to 10.37; compared to its 10-day moving average of 11. stks.co/r0CS2

CBOE DJIA Volatility Index (VXD) up 2% to 10.56; compared to its 10-day moving average of 10.62.

CBOE Nasdaq-100 Volatility Index (VXN) up 0.5% to 12.71; compared to its 50-day moving average of 13.64.

S&P 100 Options (OEX) recently is recently up 1.22 to 887.84 as traders adjust positions on the last trading day of the month.