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  • Market News | Blogging Options | Trader Talk | Mar 25, 2015, 8:02 AM

    Blogging Options: CBOE Morning update 3.25.15

    Blogging Options: CBOE Morning update 3.25.15

    Chicago (Northfield) based Kraft joins Warren Buffett's conglomerate, see below.  "Synergies" = possible layoffs, we'll see.  February Durables drop 1.4%, +0.2% expected.  Most of the components looked awful.  January Durable Goods revised sharply lower. Relationship to positive Housing Starts yesterday and revised Q1 GDP will be discussed on trading desks today.  10-year 1.86%.  Volatility as an asset class Kraft Foods (KRFT) is up $18.60 to $80 in the preopen[...]

  • Market News | Mar 24, 2015, 12:00 PM

    CBOE Mid-Day Update 3.24.15

    CBOE Mid-Day Update 3.24.15

    Volatility as an asset class Twitter (TWTR) is recently up $2.40 to $50.87 after shares traded at a new recent high of $51.09. March weekly call option implied volatility is at 48, April is at 38, May is at 51, June is at 42, September is at 41; compared to its 26-week average of 53. Netflix (NFLX) is recently up $15.09 to $440 after Cantor Fitzgerald raised his price target on shares of Netflix to $500 from $450 saying the streaming service is the "clear winner" as TV unbundles. March[...]

  • Blogging Options | Trader Talk | Mar 24, 2015, 8:05 AM

    Blogging Options: CBOE Morning Update 3.24.15

    Blogging Options: CBOE Morning Update 3.24.15

    Stocks look flat on the opening, as CPI and Core Rate each rise 0.2%.  McCormick (MKC) beat estimates, looks to open higher by 4%. NFLX could help NASDAQ.  Overseas markets modestly higher.  10-year 1.904. Housing numbers released after the opening, expected higher. Volatility as an asset class: Chesapeake (CHK) is up $0.44 to $14.55 in the preopen on Carl Icahn disclosing an increased stake in the company to 73M shares (10.98%), up from 66M shares (9.98%) in December. March weekly[...]

  • VIX | Blogging Options | Trader Talk | Mar 23, 2015, 11:58 AM

    CBOE Mid-Day Update 3.23.15

    CBOE Mid-Day Update 3.23.15

    Volatility as an asset class Pfizer (PFE) is recently up 95c to $35.22, fresh ten year high, after a Jefferies analyst wrote that the company's shares are poised to rise significantly over the next one to two years.  Overall option implied volatility of 16 compares to its 26-week average of 17. NVIDIA (NVDA) is recently down 65c to $22.02 on Goldman’s downgrade to Sell with a $20 price target. The firm believes the market under-appreciates the risk of the Intel (INTC) license not being[...]

  • Blogging Options | Trader Talk | Mar 23, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 3.23.15

    Blogging Options: CBOE Morning Update 3.23.15

    Stocks bouncing around unchanged this morning, as 3" of snow greet Chicago commuters.  Oil prices down again, but be aware that front month crude changes months today.  Biogen downgraded before opening. NCAA tourney gets high marks for exciting games this past weekend. Volatility as an asset class: Global X FTSE Greece 20 ETF (GREK) closed at $10.75 into meeting between the leaders of Greece and Germany to resolve debt issues. Overall option implied volatility of 68 compares to its[...]

  • Market News | VIX | Trader Talk | Mar 20, 2015, 3:50 PM

    The Weekly Options News Roundup – 3/20/2015

    The Weekly Options News Roundup – 3/20/2015

    The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. Gail Osten: A Life and Legacy It is with deepest regret that we share the passing of our friend and colleague, Gail Osten.  Gail was Director of Corporate Communications at CBOE the past seven years.  Her time at CBOE capped off a distinguished career in the exchange industry as described in the attached lead[...]

  • VIX | Blogging Options | Trader Talk | Mar 20, 2015, 12:00 PM

    CBOE Mid-Day Update 3.20.15

    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[...]

  • VIX | Trader Talk | Mar 20, 2015, 8:04 AM

    Blogging Options: CBOE Morning Update 3.20.15

    Blogging Options: CBOE Morning Update 3.20.15

    Happy Triple Witch Friday.   Spring officially arrives right after the close today.  European debt talks have some optimistic, DAX up 1%.  Commodities flat, DRI up $2.50 on good Quarter.  For those following the NCAA tournament, Matt Moran from CBOE will post his "Volatility Bracketology" here at the CBOE Hub later this morning, it's a good one.  For those entering picks in an office pool, we heard that less than 0.1% of entrants had the first eight games picked[...]

  • Blogging Options | Trader Talk | Mar 19, 2015, 12:50 PM

    CBOE Mid-Day Update 3.19.15

    CBOE Mid-Day Update 3.19.15

    Fairly heave option volume mid-day as traders and investors digest removal of "patient" from FED comments, which was expected. SPX traded ~700K contracts, while VIX with 200K and VIX Futures 71K.  Sounds of basketballs bouncing reverberate around trading floors and desks across the US.  GS down $2, PCLN lower by $6.  Volatility as an asset class:  (We'll miss you Gail Osten - Those we held in our arms for a little while, we hold in our hearts forever). Facebook (FB)[...]

  • Blogging Options | Trader Talk | Mar 19, 2015, 8:00 AM

    Blogging Options: CBOE Morning Update 3.19.15

    Blogging Options: CBOE Morning Update 3.19.15

    AAPL goes into the DJIA at today's opening.  Oil off over 3% in early trade, Kuwait comments about production levels keeping steady, even as demand lags.  Dollar higher vs. Euro.  Weekly Claims in line, Stocks expected to give back some of yesterday's gains.  EBAY downgraded preopen.  10-year 1.93%.  Get your NCAA brackets completed,  games begin in 2 hours.  Volatility as an asset class: Silver Wheaton (SLW) is down 1c to $19 in the premarket after reporting[...]

  • VIX | Blogging Options | Trader Talk | Mar 18, 2015, 12:52 PM

    CBOE Mid-Day Update 3.18.15

    CBOE Mid-Day Update 3.18.15

    Volatility as an asset class Herbalife (HLF) is recently up $3.90 to $38.34 after winning dismissal of class action "pyramid scheme" lawsuit. March call option implied volatility is at 106, April is at 68, May is at 70; compared to its 26-week average of 65. General Mills (GIS) is recently down 45c to $51.60 after the food company's Q4 earnings beat estimates. March call option implied volatility of 24, April is at 17, July is at 16; compared to its 26-week average of 18 Navistar (NAV)[...]

  • VIX | Blogging Options | Trader Talk | Mar 18, 2015, 7:42 AM

    Blogging Options: CBOE Morning Update 3.18.15

    Blogging Options: CBOE Morning Update 3.18.15

    Traders patiently awaiting FED minutes and their wording early this afternoon.  FDX with good Quarterly numbers beating estimates by $0.13 but guided full year lower.   USD lower, 10-year 2.02%, overseas markets mixed on light data.  13K VIX Futures trade in early session this morning.  Volatility as an asset class: FedEx (FDX) is off $2.75 to $172.96 in the preopen on better than expected Q3 results, but sees FY15 EPS $8.80-$8.95 (consensus $8.96). March call option implied volatility[...]

  • VIX | Blogging Options | Trader Talk | Mar 17, 2015, 11:59 AM

    CBOE Mid-Day Update 3.17.15

    CBOE Mid-Day Update 3.17.15

    Volatility as an asset class CBOE Interest Rate 5 Year Note (FVX) is recently down 1.1% to 15.51 into Wednesday’s FOMC policy meeting decision CBOE Interest Rate 10-year T-Note (TNX) is recently down 1.9% to $20.59 compared to its 10-day moving average of 21.27. CBOE 30-Year Treasury Bond (TYX) closed is recently down 2.3% to 26.16; compared to its 10-day moving average of 27.14. CBOE/CBOT 10-year U.S. Treasury Note Volatility Index (VXTYN) down 0.51% to 5.80 cboe.com/VXTYN CBOE EuroCurrency[...]

  • Market News | Blogging Options | Trader Talk | Mar 17, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 3.17.15

    Blogging Options: CBOE Morning Update 3.17.15

    Top 'o the mornin to ya.   Oil hit $42.65 this morning (Brent approaching $53), as traders contemplate an additional 800K barrel's of Oil per day arriving after Iran Nuke deal.  Housing Starts fell 17%, lowest print in 18 months.  Weather blamed again, but Starts in West fell 18.2%.  How this affects FED meeting unclear.  Early election results in Israel expected near NY close.  European stocks lower, Asia mixed.  10-year yield drops below 2.06%.  Almost[...]

  • VIX | Blogging Options | Trader Talk | Mar 16, 2015, 11:52 AM

    CBOE Mid-Day Update 3.16.15

    CBOE Mid-Day Update 3.16.15

    Volatility as an asset class Procter & Gamble (PG) is recently up $1.64 to $83.46 on weighs deal for beauty brands, Bloomberg reports. March call option implied volatility is at 20, April and March is at 15; compared to its 26-week average of 15. Proshares UltraShort Barc 20 Year Treasury ETF (TBT) is recently down 90c to $43.82 into the FOMC policy meeting decision on March 18. March call option implied volatility is at 44, April is at 31, June is at 29; compared to its 26-week average of 26. Life[...]