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Cboe Blog

Cboe Global Markets, the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education.

  • VIX | Blogging Options | Trader Talk | Jan 27, 2015, 12:03 PM

    CBOE Mid-Day Update 1.27.15

    CBOE Mid-Day Update 1.27.15

    Volatility as an asset class Polaris Industries (PII) is recently up $4.81 to $146.18 on better than expected Q4 EPS $1.98 of and 2015 sales guidance of up 9%-12%. February call option implied volatility is at 23, March is at 22, June is at 23; compared to its 26-week average of 28. Freeport McMoRan (FCX) is recently down $1.08 to $18.46 after reports Q4 adjusted EPS 25c, consensus 35c. February call option implied volatility is at 47, March is at 45, May is at 43; compared to its 26-week average[...]

  • Market News | VIX | Blogging Options | Trader Talk | Jan 27, 2015, 8:10 AM

    Blogging Options: CBOE Morning Update 1.27.15

    Blogging Options: CBOE Morning Update 1.27.15

    17,8  s 9   v 430 Ugly day on Wall Street - not the weather, earnings.  Several DJIA components have reported, with earnings missing and guidance lowered.  Durable Goods for December showed a surprising 3.4% drop (rise if 0.4% expected), X-transports --0.8% (+0.5% expected) and November revised sharply lower.  US stock futures had shown the DJIA opening down 200 points, after the Durables maybe 300 points.  Bonds rallying. 25K VIX futures trade in early session. [...]

  • VIX | Blogging Options | Trader Talk | Jan 26, 2015, 12:49 PM

    CBOE Mid-Day Update 1.26.15

    CBOE Mid-Day Update 1.26.15

    Volatility as an asset class Shares of solar energy companies are rising after President Obama yesterday promised to provide financial support for India's major solar energy initiative. First Solar (FSLR) is recently up $1.38 to $43.88. Overall option implied volatility of 52 compares to its 26-week average 48. SunEdison (SUNE) is recently up 75c to $20.10. Overall option implied volatility of 52 compares to its 26-week average 54. Canadian Solar (CSIQ) is recently up 82c to $20.12. Overall option[...]

  • Blogging Options | Jan 26, 2015, 7:59 AM

    Blogging Options: CBOE Morning Update 1.26.15

    Blogging Options: CBOE Morning Update 1.26.15

    Greece election and renewed unrest in Ukraine on the frontburner this morning.   Euro hit new lows overnight but has rallied.  VIX futures average volume in overnight session.  Earnings watched closely this week. Overseas markets mixed, Gold lower.  A monster snowstorm is headed to the US East coast tonight, some traders wondering if early hours Tuesday.  Chicago Cubs legend Ernie Banks passed away this weekend, all of Chicago in mourning. Volatility as an asset class: Global[...]

  • Market News | VIX | Trader Talk | Jan 23, 2015, 3:15 PM

    The Weekly Options News Roundup – 1/23/2015

    The Weekly Options News Roundup – 1/23/2015

    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. Building on the Momentum By any measure, 2014 was a successful year for CBOE, as the exchange experienced record trading volume, expanded its product line, broadened access to its marketplace and continued to enhance its educational efforts.  CBOE looks to build on this momentum in 2015. “CBOE Reports Record[...]

  • VIX | Blogging Options | Trader Talk | Jan 23, 2015, 2:10 PM

    CBOE Mid-Day Update 1.23.15

    CBOE Mid-Day Update 1.23.15

    Volatility as an asset class Honeywell (HON) is recently up $3.58 to $102.96 on the diversified company sees short cycle improvement and long cycle momentum. February call option implied volatility is at 16, March is at 14, June is at 15; compared to its 26-week average of 19. General Electric (GE) is recently up 47c to $24.74 on backing FY15 EPS $1.70-$1.80, consensus $1.76. January weekly call option implied volatility is at 16, February and March is at 12; compared to its 26-week average of 17. McDonald's[...]

  • Market News | Blogging Options | Jan 23, 2015, 7:53 AM

    Blogging Options: CBOE Morning Update 1.23.15

    Blogging Options: CBOE Morning Update 1.23.15

    US Stocks and overseas markets flat to higher as investors weigh effect of European QE.  Euro approaches 112.  Death of King Abdullah puts little volatility in Oil markets as country will keep same policies.  GE flat after earnings.  F to take $800m currency charge.  New Home Sales and Leading Indicators later this morning.  Volatility as an asset class Starbucks (SBUX) is up $4.14 to $86.88 in the premarket after reporting better than expected Q1 EPS 80c and[...]

  • Market News | Trader Talk | Education | Jan 22, 2015, 1:00 PM

    Weekly Weekly's for 1.22.15

    Weekly Weekly's for 1.22.15

    Traders are jumping into weekly options to trade upcoming earnings. I'm Angela Miles covering weekly options expiring this Friday and next Friday. // Starbucks (SBUX) turns in earnings after the close. The straddle at the 81 strike is pricing in about a 3% move up or down. Last year, the market suggested a 5% move off of earnings. There more upside calls than downside puts trading in the early going with an emphasis on the[...]

  • VIX | Blogging Options | Trader Talk | Jan 22, 2015, 12:00 PM

    CBOE Mid-Day Update 1.22.15

    CBOE Mid-Day Update 1.22.15

    Volatility as an asset class United Continental (UAL) is recently up $2.37 to $71.54 on the airliner sees generating 'far better' results in 2015. February call option implied volatility is at 45, March is at 43; compared to its 26-week average of 44. Southwest (LUV) is recently up $2.55 to $44.36 on seeing Q1 passenger revenue to grow in line with expected 6% increase. February call option implied volatility is at 34, March is at 33, June at 34; compared to its 26-week average of 31. Alaska Air[...]

  • Blogging Options | Jan 22, 2015, 8:50 AM

    Blogging Options: CBOE Morning Update 1.22.15

    Blogging Options: CBOE Morning Update 1.22.15

    US stocks with premarket euphoria but "sell the news" give back gains.  ECB announced $60B (Euro) Bond purchase per month for next ~20 months.  Euro down 1.25% vs the USD, now at 1.147. All Euro currencies lower except Swiss which is unchanged.   Weekly Jobless Claims above 300K again. VZ off 2% on earnings.  VIX lower. Volatility as an asset class eBay (EBAY) is up $1.82 to $55.20 following Q4 results and guidance. January weekly call option implied volatility[...]

  • VIX | Blogging Options | Trader Talk | Jan 21, 2015, 12:31 PM

    CBOE Mid-Day Update 1.21.15

    CBOE Mid-Day Update 1.21.15

    Volatility as an asset class UnitedHealth (UNH) is recently up $2.55 to $108.19 as Q4 results top expectations on revenue growth.  January weekly call option implied volatility is at 29, February is at 20, June is at 20; compared to its 26-week average of 22. Apple (AAPL) is recently up $1.86 to $110.58 into its expected release Q1 results next week. January weekly call option implied volatility is at 35, February is at 34, March is at 31; compared to its 26-week average of 26. Amazon.com January[...]

  • Blogging Options | Jan 21, 2015, 8:00 AM

    Blogging Options: CBOE Morning Update 1.21.15

    Blogging Options: CBOE Morning Update 1.21.15

    State of The Union with no surprises last night.  US Housing in the news this morning with Dec. Starts rising 4% but Permits dropping 1.9%. Overseas markets mixed with NIKKEI off 0.5%, FTSE up 0.6% and Shanghai higher by 4%.  10-Year 1.78%.  Average option volume yesterday with~15 m contracts traded.  VIX & SPX showed 640 K & 893 K respectively.  VIX Jan settlement this morning.  Waiting for ECB tomorrow.  Volatility as an asset class: IBM (IBM) is down[...]

  • Market News | VIX | Blogging Options | Jan 20, 2015, 12:00 PM

    Blogging Options: CBOE Mid-Day Update 1.20.15

    Blogging Options: CBOE Mid-Day Update 1.20.15

    Markets turn South on earnings and oil.  Gold higher.  Volatility as an asset class Johnson & Johnson (JNJ) is  down $3.47 to $100.56 after announcing less than expected Q4 sales results. January weekly call option implied volatility is at 29, February is at 18, April is at 16; compared to its 26-week average of 15. Baker Hughes (BHI) is flat at $56.54 after reporting Q4 adj. EPS $1.44, compared to consensus $1.07. February call option implied volatility is at 26, March is at 31;[...]

  • Market News | Blogging Options | Trader Talk | Jan 20, 2015, 8:00 AM

    Blogging Options: CBOE Morning Update 1.20.15

    Blogging Options: CBOE Morning Update 1.20.15

    Mixed signals overnight but US Stock futures in the green.  The IMF is expecting 3.5% and 3.7% world growth in 2015 and 2016, both 0.3% lower than the previous estimate. China released several economic numbers in the last 48 hours, overall fairly soft.  US Treasury with record revenues in 2014, but President will propose new higher taxes to help the "middle class" in tonight's State of the Union address, Congress will not go along with most of his suggestions.   I'll watch[...]

  • Market News | VIX | Trader Talk | Jan 16, 2015, 3:05 PM

    The Weekly Options News Roundup – 1/16/2015

    The Weekly Options News Roundup – 1/16/2015

    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. “CBOE is a Products Company” Building off of a successful 2014, CBOE looks to continue expanding its volatility and index product lines in the coming year.  CBOE has tapped into the interest rate and foreign exchange spaces with new volatility indexes, while it recently announced a tie-up with MSCI[...]