CBOE Mid-Day Update 3.20.15

Volatility as an asset class

KB Home (KBH) is recently up 99c to $15.06 on better than expected Q1 results and sees sequential margin improvement in remaining 2015 quarters. April call option implied volatility is at 96, April is at 43, July is at 37; compared to its 26-week average of 35.

Starbucks (SBUX) is recently up 43c to $98.17 after shares traded at fresh life high of $98.90. March weekly call option implied volatility is at 19, April is at 24, May is at 20, July is at 19; compared to its 26-week average of 22.

Target (TGT) is recently up $1.11 to $81.71 after shares traded at fresh life high of $81.76.  March weekly call option implied volatility is at 15, April and May is at 16, July is at 17; compared to its 26-week average of 20.

CBOE Crude Oil Volatility Index (OVX) is recently down 6.7% to 50.23 compared to its 50-day moving average of 55.21 as oil trades near its lowest level since March of 2009.  CBOE.com/OVX

CBOE Interest Rate 5 Year Note (FVX) is recently down 3.1% to 14.31 as treasury, bond and bunds rally.

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) down 5.7% to 22.04 cboe.com/micro/VIXETF/VXXLE/

Active options at CBOE: AAPL TWTR MNKD FB TSLA C GILD NFLX CELG

Options with increasing volume @ CBOE: CVC NWL CTRP PTEN ACM FIVE PRTA WGO ADSK MFRM

CBOE Volatility Index (VIX) down 8.6% to 12.86, high 13.53, low 12.59, April 22, 25 and 26 calls are active on total volume of 203K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 3.3% to 25.28.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 15.4% to 10.91; compared to its 50-day moving average of 15.46. stks.co/r0CS2

CBOE Mini-SPX options (XSP) up 0.9% to 210.85 http://www.cboe.com/micro/xsp/

S&P 100 Options (OEX) recently up 1% to 923.84 as the dollar and bonds rallied.