Volatility as an asset class
The shares of companies that own casinos in Macau are falling this morning. Research firm Sterne Agee wrote that revenue from the region’s table games appears to have fallen sharply in the first week of June. Macau reported last week that its gross gaming revenue fell 37% year-over-year in May.
Las Vegas Sands (LVS) recently down 4% to $52.82. June call option implied volatility is at 28, July is at 30; compared to its 52-week range of 18 to 41.
MGM Resorts (MGM) is recently down 5% to $19.25. June call option implied volatility is at 34, July is at 35; compared to its 52-week range of 21 to 52.
Melco Crown (MPEL) is recently down 4% to $20. June call option implied volatility is at 40, July is at 42; compared to its 52-week range of 29 to 56.
Wynn Resorts (WYNN) is recently down 5% to $103.27. June call option implied volatility is at 35, July is at 36; compared to its 52-week range of 21 to 41.
VIX methodology for Apple (VXAPL) up 4.2% to $23.12 into WWDC15 Tim Cook keynote address cboe.com/VXAPL
Active calls @ CBOE: BAC 6/12/15 17.50 AAPL 6/12/15 JD 6/19/15 36.50 MU 6/19/15 27.50 UAL 9/18/15 52.50
Active calls @ CBOE: SPY 7/17/15 190 T 6/19/15 34 COST 7/10/15 QQQ 6/12/15 106.50
CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (TYVIX) up 1% to 6.35 co/h2GXo
Russell 2000 Index (RUT) down 4.27 to 1,256.77 www.cboe.com/RUT
CBOE Russell 2000 Volatility Index (RVX) up 4.6% to 17.27 compared to its 50-day moving average of 16.79 cboe.com/RVX
VIX methodology for iShares MSCI Emerging Markets Index Fund (VXEEM) down 1.5% to 19.90 cboe.com/micro/eem/
CBOE Crude Oil Volatility Index (OVX) down11% to 34.23, WTI oil trades near $58. cboe.com/OVX
CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) up 4% to 18.59
Active options at CBOE: AAPL BAC JPM AAL FB MU TSLA BABA INTC MNKD VALE VZ TWTR
Options with increasing volume @ CBOE: HUM OPK EBAY DAL F CBRL EJ TUR CBRL RDWR GFI CCL ADXS RTRX IGT DEO PIR
CBOE Volatility Index (VIX) up 7% to 15.20, day range 14.67 – 15.24 cboe.com/VIX
IPath S&P 500 VIX Short-Term Futures (VXX) up 32c to 19.41.
CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 2.11 to 15.81 stks.co/r0CS2
CBOE Mini-SPX options (XSP) down 65c to 208.63 http://www.cboe.com/micro/xsp/
S&P 100 Options (OEX) recently down 2.46 to 917.43 as global bond rates trend higher.