Macerich up $5 on takeover bid. GM announces a $5 Billion buyback. MCD February Sales disappoint. Overseas stocks mixed to lower. Volatility as an asset class:
RTI International (RTI) is up $12.72 to $40 in the premarket, the supplier of titanium and specialty metal products and services for the commercial aerospace, defense, energy and medical device markets will be purchased by Alcoa (AA) in a stock-for-stock transaction with an enterprise value of $1.5B. Overall option implied volatility of 34 compares to its 26-week average of 33.
Alcoa (AA) is down $0.41 to $14.09. Overall option implied volatility of 34 compares to its 26-week average of 33.
Pinnacle Entertainment (PNK) is up $6 to $33.43 in the premarket after CNBC’s David Faber report Gaming and Leisure Properties (GLPI) is attempting a hostile takeover in a deal worth $36 per share. Overall option implied volatility of 35 compares to its 26-week average of 37.
VIX methodology for Apple (VXAPL) at 29.80 into ‘Spring Forward’ Watch event cboe.com/VXAPL
Equity Options Volume @ CBOE; 1,116,602 calls, 743,627 put, 1,860,229 total cboe.com
CBOE Crude Oil Volatility Index (OVX) at 48.96 compared to its 50-day moving average of 55.46 WTI Crude oil at $49. CBOE.com/OVX
Options expected to be active @ CBOE: AAPL AA RTI GM URBN EXPR KKD MTN BKS QIHU JASO ARO
CBOE EuroCurrency Volatility Index (EVZ) at 10.95, compared to its 50-day moving average of 11.43
CBOE/CBOT 10-year U.S. Treasury Note Volatility (VXTYN) at 5.68 www.cboe.com/vxtyn
CBOE S&P 500 Skew Index (SKEW) at 124.65 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 95-110 Collar Index CLL @ 672: www.cboe.com/CLL
CBOE S&P 500 BuyWrite Index (BXM) at 1085.69, compared to its 50-day moving average of 1080.71 cboe.com/bxm
CBOE DJIA BuyWrite Index (BXD) at 266.82, compared to its 50-day moving average of 264.89. cboe.com/micro/bxd/
CBOE Nasdaq-100 Volatility Index (VXN) at 16.75, compared to its 50-day moving average of 17.85
CBOE 3-Month Volatility Index (VXV) at 17.50, compared to its 50-day moving average of 19. cboe.com/VXV
CBOE S&P 500 Short-Term Volatility Index (VXST) at 14.31, compared to its 50-day moving average of 15.56.
VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2
Velocity Share VIX Short Term ETN (VIIX) at 37.90, compared to 50-day moving average of 42.52.
iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 34c to 26.72
CBOE Volatility Index (VIX) at 15.20, compared to its 50-day moving average of 16.97 cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is up 20c to $207.70 as the ECB began its €60B per month QE program today by buying German government bonds.
Calls with increasing volume at CBOE:
AAPL 3/6/2015 128 33K contracts
SPY 3/13/2015 211 16K
MNKD 5/15/2015 4.50 15K
BAC 3/6/2015 16.50 13K