Markets look to add to yesterdays gains and Q1 earnings reports continue to flood in. Overseas markets mostly higher, traders watching events overseas as a Chinese-owned company defaulted overnight and EU and Greece rhetoric getting louder. May Crude futures expire today. TEVA, Mylan merger being heard again this morning, Mylan had made a bid for Perrigo last week MSCI EEM, EAFE Index options launch at CBOE this morning. Volatility as an asset class
IBM (IBM) is up $0.64 to $166.90 in the preopen after reporting Q1 sales fell 12%. April weekly call option implied volatility is at 46, May is at 25, June is at 22; compared to its 26-week average of 20.
Under Armour (UA) is down $3.06 to $84.70 on Q1 footwear sales increasing 41% and total international revenue increasing 74%. April weekly call option implied volatility is at 77, May is at 50, July is at 29, October is at 31; compared to its 26-week average of 30.
United Technologies (UTX) is up $1.49 to $118 in the preopen on backing FY15 EPS view of $6.85-$7.05, consensus $6.98 April weekly call option implied volatility is at 25, May is at 19, August is at 18; compared to its 26-week average of 18.
VIX methodology for Google (VXGOG) at 24.83, compared to its 50-day moving average of 23.13 cboe.com/VXGOG
VIX methodology for Apple (VXAPL) at 32.47 compared to its 50-day moving average of 29.08 cboe.com/VXAPL
CBOE Crude Oil Volatility Index (OVX) at 42.06; compared to its 50-day moving average of 51.06, WTI Crude oil near $56. CBOE.com/OVX
Equities options volume @ CBOE 991,351 calls, 553,385 puts, 1,544,736 total cboe.com
Options expected to be active @ CBOE: IBM VZ UTX QCOM VMW HOG CMG
CBOE S&P 500 Skew Index (SKEW) at 122.24. 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 @ 678.30 www.cboe.com/CLL
CBOE S&P 500 BuyWrite Index (BXM) at 1114.90, compared to its 10-day moving average of 1112.91. cboe.com/bxm
CBOE DJIA BuyWrite Index (BXD) at 272.26, compared to its 50-day moving average of 268.87. cboe.com/micro/bxd/
CBOE Nasdaq-100 Volatility Index (VXN) at 14.86, compared to its 50-day moving average of 15.91.
CBOE S&P 500 Short-Term Volatility Index (VXST) at 12.62, compared to its 50-day moving average of 13.26. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2
Velocity Share VIX Short Term ETN (VIIX) at 29, compared to its 50-day moving average of 36.46.
iPath S&P 500 VIX Short-Term Futures (VXX) at 21.26, compared its 50-day moving average of 26.72.
CBOE Volatility Index (VIX) at 13.30, compared to its 50-day moving average of 14.70 cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is up $0.65 to $210.50 on better than expected corporate results and lower bond yields.
Calls with increasing volume at CBOE:
FXI 5/15/2015 56 20K contracts
SPY 4/24/2015 212.50 16K
PBR 7/17/2015 11 16K
QQQ 4/24/2015 107 13K
FXI 5/15/2015 53 10K
JNJ 6/19/2015 105 9K