oil Archives - Cboe Blogs

  • Caution on Using VIX vs. Oil as a Stock Market Signal

    Caution on Using VIX vs. Oil as a Stock Market Signal

    I awoke this morning to an email from the matriarch of CBOE-TV Holly Goodhart.  She was preparing for her day with CNBC on in the background and something caught her eye.  The following comes directly from her email – I have CNBC on this morning, and they just spent a segment discussing this headline: "Markets bottom when VIX is greater than oil." This didn’t sound right to me for a few reasons, primarily because I recall many years with the price of oil in the teens.[...]

  • Blogging Options | Apr 9, 2015, 1:35 PM

    Blogging Options: Mid-Day Update 4.9.15

    Blogging Options: Mid-Day Update 4.9.15

    US stocks holding on to fractional gains on light Easter week trading.  With 90-minutes left in the trading day, Options had only traded ~10 million contracts.  SPX showed 540 K and RUT with 52 K contracts changing hands.  Not much going on, traders watching Oil and also to see if DJ Transports hold key levels. Volatility as an asset class: Constellation Brands (STZ) is recently up 23c to $119.36 after the alcoholic-beverage maker sees FY16 comparable EPS $4.70-$4.90, consensus $4.85.[...]

  • Blogging Options | Trader Talk | Apr 8, 2015, 8:05 AM

    Blogging Options: CBOE Morning Update 4.8.15

    Blogging Options: CBOE Morning Update 4.8.15

    Stocks look modestly higher pre-market.  Royal Dutch $69.6B merger (see below) talk of trading desks.  AA kicks off Q1 earnings after the close, street looking for $0.26 (Implied volatility says 4.75% range expected).  Fairly slow action in the options world yesterday as ~12.7 million contracts change hands.  SPX with 675K, VIX with ~335K, RUT 48K.  Rahm Emanuel wins Mayoral election in Chicago with 55.7% of vote. Volatility as an asset class: Royal Dutch Shell (RDS.A, RDS.B)[...]

  • VIX | Blogging Options | Trader Talk | Jan 5, 2015, 12:00 PM

    CBOE Mid-Day Update 1.5.14

    CBOE Mid-Day Update 1.5.14

    Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is recently down 60c to $11.61 as WTI crude oil trades below $51.  January call option implied volatility is at 67, February is at 62; compared to its 26-week average of 27. Energy Select Sector SPDR (XLE) is recently down $3.39 to $76.14. January weekly call option implied volatility is at 41, January is 34, March is at 32; compared to its 26-week average of 21. ProShares Ultra DJ-UBS Crude Oil (UCO) is recently down[...]

  • VIX | Blogging Options | Trader Talk | Dec 16, 2014, 11:43 AM

    CBOE Mid-Day Update 12.16.14

    CBOE Mid-Day Update 12.16.14

    Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is recently up 22c to $13.26 as WTI crude oil trades above $56.  Overall option implied volatility of 60 compares to its 26-week average of 25. Energy Select Sector SPDR (XLE) is recently up $2.09 to $75.49. December call option implied volatility is at 40, January is 35, March is at 33; compared to its 26-week average of 20. ProShares Ultra DJ-UBS Crude Oil (UCO) is recently up 26c to $11.39. Overall option implied[...]

  • VIX | Blogging Options | Trader Talk | Dec 12, 2014, 8:09 AM

    Blogging Options: CBOE Morning Update 12.12.14

    Blogging Options: CBOE Morning Update 12.12.14

    November PPI fell 0.2% (gasoline accounted for over half of the drop - flat expected) Core Rate was flat.  Oil being hammered again ON IEA lowering oil price forecast again.  Overseas markets down sharply, US following.  Jan WTI trading $58.50.  10-year near 2.12%. VIX Futures active in pre-market with 59K contracts traded.  Volatility as an asset class: Adobe (ADBE) is up $4.17 to $73.90 in the premarket after reporting first quarter results and that it will acquire Fotolia[...]

  • Blogging Options | Dec 11, 2014, 8:01 AM

    Blogging Options: CBOE Morning Update 12.11.14

    Blogging Options: CBOE Morning Update 12.11.14

    Retail Sales rose this morning, aided by Auto Sales (+1.7%).  Overseas markets not doing as well, talk of more problems in Greece hurting Asian stocks.  OIL off an additional 1%.  Volatility as an asset class The 'Majors' option implied volatility is elevated as WTI Crude Oil futures trade below $62 Exxon Mobil (XOM)  option implied volatility of 24 compares to its 26-week average of 18. BP (BP) overall option implied volatility of 28 compares to its 26-week average of 17. ConocoPhillips[...]

  • VIX | Education | Strategy | Trade Ideas | Dec 8, 2014, 4:00 PM

    Skipping Around: Of Jobs, Oil and Markets

    Skipping Around:  Of Jobs, Oil and Markets

    Today, we'll take a look at how jobs, oil and market volatility are playing a role in the market environment. A Solid Jobs Report:  But You Can't Please Everyone Last week's job number took many by surprise.  What a great report it was, 321K jobs created based on the latest survey, previous reports revised upward.  Yet, all I heard were complaints - the jobs created were temporary, not high-paying career type positions and that this will turn tail in a couple of months.  I disagree[...]

  • Market News | Blogging Options | Trader Talk | Dec 8, 2014, 8:11 AM

    Blogging Options: CBOE Morning Update 12.8.14

    Blogging Options: CBOE Morning Update 12.8.14

    US stock futures weak on economic news out of Japan (GDP), Chinese trade data, S&P downgraded Italian debt... and there's Oil.  Morgan Stanley is said to have cut their oil price base forecast from $98 to $70, and said oil could hit $53 bbl in 2015.  Bond yields off fractionally. European shares lower.  LUV & EBAY upgraded before the opening.  Volatility as an asset class Cubist Pharmaceuticals (CBST) is up $26.74 to $101.10 in the premarket on Merck (MRK) acquiring for[...]