CBOE Mid-Day Update 9.4.14

Volatility as an asset class

SolarCity (SCTY) is recently up $4 to $71.12 after announcing plans to open 20 new operations centers in seven states. September 12 weekly call option implied volatility is at 44, September is at 45, October is at 46, January is at 49; compared to its 26-week average of 60.

BP (BP) is recently down $2.79 to $44.93 following the company was found grossly negligent by a judge. September 5 weekly put option implied volatility is at 48, September is at 20, October is at 21, November is at 20; compared to its 26-week average of 15.

Proshares UltraShort Barc 20 Year Treasury (TBT) is recently up $1.11 to $56.57 into the August jobs report and after David Tepper of Appaloosa said: “beginning of the end” of the bond market bubble has occurred as thanks to the ECB decision to cut rates, he said on Bloomberg TV. September 12 weekly call option implied volatility is at 26, September is at 25, October is at 23, December is at 21; compared to its 26-week average of 22.

Actives at CBOE:  AAPL TSLA PBR BIDU X C TWTR

Stocks with increasing volume @ CBOE: BP VMW SCTY X GE MBLY VALE DDD CODE PH

CBOE DJIA BuyWrite Index (BXD) up 23c to 270.30, compared to its 50-day moving average of 268.31 cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 30c to 12.06. VIX September 16 and 17 calls are active on 288K contracts @ CBOE cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 1.7% to 27.47

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 5.8% to 10.92; compared to its 10-day moving average of 10.38. stks.co/r0CS2

CBOE DJIA Volatility Index (VXD) up 0.4% to 10.87; compared to its 10-day moving average of 10.38.

CBOE Nasdaq-100 Volatility Index (VXN) down 1.2% to 13.40; compared to its 50-day moving average of 13.69.

S&P 100 Options (OEX) recently is recently up 2.50 to 890 as the European Central Bank lowered its benchmark rate to .05% from .15%.