CBOE Mid-Day Update 5.11.15

Volatility as an asset class

Apple (AAPL) is recently down $1.10 to $126.48. May weekly call option implied volatility is at 25, June is at 23; compared to its 26-week average of 26.

VIX methodology for Apple (VXAPL) up 2.5% to 25.45. cboe.com/VXAPL

Etsy (ETSY) is recently down $2.03 to $20.60 after the online marketplace was downgraded to Underperform from Neutral at Wedbush. May call option implied volatility is at 74, June is at 64, September is at 54; compared to its 10-day average of 60.

Monster Beverage (MNST) is recently up $7.55 to $135.96 after Citi upgraded to Buy saying Friday’s 10% pullback in shares provides a buying opportunity. Citi believes that while current visibility is low, Monster still has room for market share expansion. The firm raised its price target for the stock to $155 from $141. May call option implied volatility is at 33, June is at 29, September is at 30; compared to its 52-week average of 39.

CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (TYVIX) up 6% to 5.98 stks.co/h2GXo

CBOE Crude Oil Volatility Index (OVX) up 2% to 35.79 compared to its 10-day moving average of 36.43 as WTI oil trades near $59.  cboe.com/OVX

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) up 7% to 21.93
cboe.com/micro/VIXETF/VXXLE/

Active options at CBOE: AAPL BABA FB BAC TWTR TSLA MSFT NFLX DAL CSCO

Options with increasing volume @ CBOE: MBI IRM WHZ PBCT RNF MGI ZU ICLD DG GEVO GIMO

CBOE Volatility Index (VIX) up 3.89 to 13.37, day range 13 – 13.53 cboe.com/VIX

IPath S&P 500 VIX Short-Term Futures (VXX) is recently up 20c to 20.81.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 1.26 to 12.58; compared to its 10-day moving average of 13.42 stks.co/r0CS2

CBOE Mini-SPX options (XSP) down 49c to 211.12 http://www.cboe.com/micro/xsp/

S&P 100 Options (OEX) recently down 2.59 to 2.50 as China’s central bank cut its benchmark lending rates by 25 bps to 5.1%