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  • VIX | Blogging Options | Trader Talk | Feb 25, 2015, 12:01 PM

    CBOE Mid-Day Update 2.25.15

    CBOE Mid-Day Update 2.25.15

    Volatility as an asset class Target (TGT) is recently up 25c to $77.21 after posting better than expected adjusted earnings per share and reported comparable sales increased 3.8% in its Q4. March call option implied volatility is at 24, April is at 17, July is at 19; compared to its 26-week average of 20. TJX (TJX) is recently is recently up $2.51 to $69.65 after reaffirming 10%-13% long-term annual EPS growth model. March, April and July call option implied volatility of 17 compares to its 26-week[...]

  • Market News | VIX | Blogging Options | Trader Talk | Feb 25, 2015, 7:50 AM

    Blogging Options: CBOE Morning Update 2.25.15

    Blogging Options: CBOE Morning Update 2.25.15

    Good day for stocks yesterday as Chairperson Yellen gave calming testimony at semi-annual Humphrey Hawkins visit to Capitol Hill. She visits the House this morning for Day Two.  TGT beat estimates, rises $0.90, LOW does the same and rises $1.65.   Case Shiller Home prices rose less than expected.  President is said to have vetoed Keystone Pipeline, should have no effect on stocks.  European shares retreat, Gold & Oil higher, 10-Year yield below 2%.  Derrick Rose and Patrick[...]

  • VIX | Blogging Options | Trader Talk | Feb 24, 2015, 11:50 AM

    CBOE Mid-Day Update 2.24.15

    CBOE Mid-Day Update 2.24.15

    Volatility as an asset class Macy's (M) is recently down $2.34 to $61.93 after inline Q4 results and giving a cautious 2015 outlook. March call option implied volatility is at 21, April is at 20, May is at 21, August is at 20; compared to its 26-week average of 25. SunPower (SPWR) is recently up $4.78 to $32.58, and First Solar (FSLR) is up $6.89 to $56.50, after companies announced that they are in advanced talks to form a joint YieldCo vehicle. SPWR March and April call option implied volatility[...]

  • Blogging Options | Feb 24, 2015, 7:50 AM

    Blogging Options: CBOE Morning Update 2.24.15

    Blogging Options: CBOE Morning Update 2.24.15

    JPM said to close over 25% of its branches and cut additional costs.  It also said due to "new federal regulations" it will reduce "$100B of non-operating deposits", expected by traders to be a NIRP. JPM shares up $1.30 on heavy volume.  HD beat, raised its dividend and stock buy-back and said same-store sales exceeded expectations, but warned about currency translations possibly costing $0.06 per share in 2015. US Stock Futures mixed. Ms. Yellen reads from script this[...]

  • VIX | Blogging Options | Trader Talk | Feb 23, 2015, 11:59 AM

    CBOE Mid-Day Update 2.23.15

    CBOE Mid-Day Update 2.23.15

    Volatility as an asset class Boeing (BA) is down $3.89 to $154.43 after Goldman cut its recommendation to Sell, with a $132 price target. February weekly call option implied volatility is at 23, March is at 18, April is at 17; compared to its 26-week average of 19. Global X FTSE Greece 20 ETF (GREK) is down 30c to $13.81 after a Greek deal on bailout program. March call option implied volatility is at 77, April is at 73, June is at 64; compared to its 26-week average of 52. National Bank of Greece[...]

  • Market News | Blogging Options | Trader Talk | Feb 23, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 2.23.15

    Blogging Options: CBOE Morning Update 2.23.15

    Boeing off $3 on downgrade, Oil down ~$2 to $49, Gold lower by $4.  10-year yield off 4 ticks.  Baltic Dry with another new low.  Overseas markets mixed to fractionally higher.  Ms Yellen speaks Tues afternoon & Wed awaited by traders. 35th Anniversary of "Miracle on Ice" at 1980 Olympics.  #CBOERMC next week. Volatility as an asset class Cooper Tire (CTB) is up $1.19 to $38.39 in the premarket on better than expected Q4 results and outlook.  March call[...]

  • Market News | VIX | Feb 20, 2015, 4:04 PM

    The Weekly Options News Roundup – 2/20/2015

    The Weekly Options News Roundup – 2/20/2015

    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. Chicago, The Center of the Index Options Universe CBOE created the first index option in 1983, and more than three decades later, CBOE continues pioneer the index options space and be the leading marketplace for index options trading. “Bye-Bye, Open Outcry. In Options, Human Touch Still Matters” –[...]

  • VIX | Blogging Options | Trader Talk | Feb 20, 2015, 11:30 AM

    CBOE Mid-Day Update 2.20.15

    CBOE Mid-Day Update 2.20.15

    Volatility as an asset class John Deere (DE) is recently down 26c to $91.42 after farm, construction and forestry equipment maker cut its fiscal 2015 income forecast earlier in conjunction with its Q1 report. February weekly call option implied volatility is at 21, March is at 18, June is at 17; compared to its 26-week average of 20. Noodles & Company is recently down after saying 2015 earnings growth will be at the low end of range. March call option implied volatility is at 55, May is at 54,[...]

  • Market News | VIX | Trader Talk | Feb 20, 2015, 7:48 AM

    Blogging Options: CBOE Morning Update 2.20.15

    Blogging Options: CBOE Morning Update 2.20.15

    European markets turn slightly negative as Greece situation not resolved yet.  DE earnings beat lowered estimates but pared back guidance has shares off $1.25 to $90.46.  WMT said to be downgraded by Barclay's, drops $1.00 to $82.52. Gold & Oil higher, US$ higher. Watch for bumpy early session on Greece deal/no deal.  Options volume average Thursday, SPX trades over 1mm contracts. Volatility as an asset class: Global X FTSE Greece 20 ETF (GREK), sellers emerged in late trading,[...]

  • Trader Talk | Education | Feb 19, 2015, 2:50 PM

    Weekly Weekly's Option Report for 2.19.15

    Weekly Weekly's Option Report for 2.19.15

    // I'm Angela Miles covering weekly options. Tomorrow, traditional options expire and next Friday Feb. 27 it's a Weekly's expiration. A busy earnings week is ahead starting Monday with SINA. The options paper is surprisingly light in the early going and the market is wide in SINA. That is likely to pick up into earnings the Chinese internet company tends to be popular with traders. The straddle at the 38 strike prices in at[...]

  • Blogging Options | Feb 19, 2015, 12:00 PM

    CBOE Mid-Day Update 2.19.15

    CBOE Mid-Day Update 2.19.15

    Happy "Year of the Sheep" to those following the Chinese calendar. One astrologer said  markets might be volatile this summer but would stabilize by the end of the year.  We'll see.  Option volume decent this morning, as ~9.6 mm contracts trade.  SPX with ~540K, VIX options 140K, AAPL clocked 400K. Stocks hit a new intra-day record (S&P 500) before giving up those gains. CAT, XOM, WMT & AXP all drop more than $1, while IBM and BA more than $1 to the plus side. [...]

  • Market News | Blogging Options | Trader Talk | Feb 19, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 2.19.15

    Blogging Options: CBOE Morning Update 2.19.15

    Pitchers and Catchers Report (to Spring Training).  This should have warmed up traders this morning with the temperature -8 degrees in Chicago but stock futures lower. Oil getting hammered on inventory build and no signs of world economies improving.  Greece proposal on bail-in is said to be rejected,  WMT reported earnings which beat (lower tax rate helped) but guided lower (from $1.10 to $0.90 to $1.10 range) and is off $1.20.  Overseas markets flat with European stocks watching[...]

  • Market News | Feb 18, 2015, 7:55 AM

    Blogging Options: CBOE Morning Uppdate 2.18.15

    Blogging Options: CBOE Morning Uppdate 2.18.15

    Traders watching Europe warily this morning.  Greece situation unclear and Ukraine cease-fire being ignored by rebels.  Producer Prices drop 0.8%, X-Food & Energy fell 0.1% (-0.3% and +0.1% expected).  January Housing Starts and Permits came in less than expected, and Mortgage Apps fell 13%.  CAT accounting under review by Feds, Soft opening expected. Volatility as an asset class Hilton (HLT) is down $0.70 to $27.95 in premarket as lodging company sees FY15 adjusted EPS 78c-83c,[...]

  • Blogging Options | Trader Talk | Education | Feb 17, 2015, 12:51 PM

    CBOE Mid-Day Update 2.17.15

    CBOE Mid-Day Update 2.17.15

    Stocks regained their footing and are now on the plus side.  Stories out of Europe of Greece taking a softer stance in negotiations with the EU are being told.   But reports of Ukraine truce in jeopardy putting damper on rally.  Economic numbers released this morning on weak side. Goodyear Tire (GT) is up $0.68 to $26.59 after reporting Q4 EPS excl items 59c, compared to consensus 58c. February call option implied volatility is at 37, March is at 27, April is at 30; compared to its[...]

  • Market News | VIX | Blogging Options | Feb 17, 2015, 7:40 AM

    Blogging Options: CBOE Morning Update 2.17.15

    Blogging Options: CBOE Morning Update 2.17.15

    After a strong move into the long weekend, stocks are retreating.  Talks collapsing in Greece are being blamed. Empire State business conditions fell over two points to 7.75, below estimates.  WM & MDT earnings bottom line beat expectations.  Oil and metals off fractionally, 10-year 2.03%. Volatility as an asset class: National Bank of Greece (NBG) is down 24c to $1.37 on Greek bailout talks with the EU. Overall option implied volatility of 136 compares to its 26-week average of[...]