August Retail Sales up 0.6%, X-Autos higher by 0.3%. X-Autos matched July, and the lowest reading in 7 months. Eyes on Europe. An article on anticipated Alibaba (BABA) options listing in this space yesterday, scroll back and check it out. Markets flat to lower at opening bell. Volatility as an asset class:
Ulta Salon (ULTA) is up $16.77 to $114.25 in the premarket on Q2 earnings rising 35% and increasing fiscal-year guidance. September call option implied volatility is at 79, October is at 42, December is at 35; compared to its 26-week average of 37.
Conversant (CNVR) is up $8.42 to $35.13 on the digital marketer being acquired by Alliance Data (ADS) for $2.3B. Overall option implied volatility of 25 is below its 26-week average of 34.
Hertz Global (HTZ) is up $1.15 to $28.90 in the premarket after reaching an agreement-in-principle with Carl Icahn to add three representatives to its board. Overall option implied volatility of 37 is near its 26-week average of 36.
Options expected to be active @ CBOE: YHOO ULTA HTZ CNVR ADS MCP
CBOE SKEW INDEX (SKEW) at 132.79, compared to its 50-day MA of 133.21. SKEW measures the purchase of out-of-the-money S&P 500 Index puts that require a very large downside move to profit from long put positions. An increase of this index indicates greater expectations for an extreme down move.
CBOE S&P 500 BuyWrite Index (BXM) at 1107.54 compared to its 10-day moving average of 1106.39 cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) at 270.50 compared to its 50-day moving average of 268.64 cboe.com/micro/bxd/
CBOE Nasdaq-100 Volatility Index (VXN) at 14.03; compared to its 50-day moving average of 13.87.
CBOE S&P 500 Short-Term Volatility Index (VXST) at 12.07, compared to its 10-day moving average of 11.37. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2
iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 13c to 27.87.
CBOE Volatility Index (VIX) at 12.80, compared to its 10-day moving average of 12.52 and its 50-day moving average of 12.87. cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is off 0.25 to $200.05 after the EU agreed to implement its new sanctions against Russia today
Calls with increasing volume at CBOE:
AAPL 9/12/2014 101 17K contracts
SPY 9/20/2014 203 16K
XLU 12/20/2014 44 11K
QQQ 9/12/2014 99.50 10K
OREX 9/20/2014 5 10K
EEM 12/20/2014 52 10K
Puts with increasing volume at CBOE:
IYR 9/20/2014 72.50 34K
SPY 12/20/2014 180 28K
IWM 9/20/2014 112 25K
FXI 9/20/2014 37.50 21K