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  • Market News | Jan 8, 2015, 8:00 AM

    Blogging Options: CBOE Morning Update 1.8.15

    Blogging Options: CBOE Morning Update 1.8.15

    Comments by (voting) FED member Charlie Evans overnight about delaying rate increases has shares sharply higher.  Weekly Jobless claims dropped slightly but missed expectations.  Health Care sector up, Biogen preliminary trials have stock in wide range pre opening, looks lower.   10-year at 2%.  -6 on way to train this morning.  Volatility as an asset class Costco (COST) is up 68c to $145 in the premarket after reporting December SSS rose 3%. Overall option implied volatility[...]

  • VIX | Blogging Options | Trader Talk | Jan 7, 2015, 12:00 PM

    CBOE Mid-Day Update 1.7.15

    CBOE Mid-Day Update 1.7.15

    Volatility as an asset class The 'Majors' option implied volatilities has increased as WTI Crude Oil futures trends below $48 Exxon Mobil (XOM) overall option implied volatility of 25 compares to its 26-week average of 18. BP (BP) overall option implied volatility of 31 compares to its 26-week average of 18. ConocoPhillips (COP) overall option implied volatility of 36 compares to its 26-week average of 20. Chevron (CVX) overall option implied volatility of 33 compares to its 26-week average[...]

  • Market News | Blogging Options | Jan 7, 2015, 8:15 AM

    Blogging Options: CBOE Morning Update 1.7.15

    Blogging Options: CBOE Morning Update 1.7.15

    ADP Employment beat this morning (added 241K jobs, 230K expected) and stocks reacted well.  Five-Day losing streak looks like it should end today.  Overseas markets moving higher.   Oil erased early losses and have moved to the upside,  WTI up 1%.   Gold off, FED minutes later today.  Option volume yesterday was very good, with CBOE & C2 doing 5.87mm of 19mm contracts.  300K VIX Futures change hands yesterday.  Volatility as an asset class: Micron[...]

  • VIX | Blogging Options | Trader Talk | Jan 6, 2015, 1:22 PM

    Blogging Options: CBOE Mid-Day Update 1.6.15

    Blogging Options: CBOE Mid-Day Update 1.6.15

    Markets turned lower mid-morning on continued weakness in oil prices.  DJIA off 175 points, S&P 500 (SPX) at ~1998, 10 points below 75-day Moving Average.  Option volume at mid-day was 11 mm contracts, SPX traded 600 K +, VIX Futures volume ~166 K.  10-year moves below 2%, NDX off 1.5%.  JPM off 3%,  AXP lower by 2.5%. Volatility as an asset class: Options: Technology stocks option implied volatility has increased as stocks sell off into International CES opening Nvidia[...]

  • Blogging Options | Jan 6, 2015, 8:10 AM

    Blogging Options: CBOE Morning Update 1.6.15

    Blogging Options: CBOE Morning Update 1.6.15

    US stock futures up fractionally this morning.  10-year ticked below 2%, and WTI was off 2.01% to $49.05.  17.6 million options trade yesterday, with SPX at 1.17mm and VIX near 500K.  SPY showed 3.275mm contracts change hands. VIX closed 19.92 yesterday, could be interesting watch this week.  Good article from Russell Rhoads on VIX activity yesterday - scroll down to the previous article. Volatility as an asset : Options: Technology stocks option implied volatility is mixed into[...]

  • 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 | Jan 5, 2015, 8:15 AM

    Blogging Options: CBOE Morning Update 1.5.15

    Blogging Options: CBOE Morning Update 1.5.15

    Parking lot full this morning, everyone getting back to work - and on time.  Asian stocks lower, shares in Europe off 1%+.  DAX leading shares down in Europe with bad economic news. Oil traded with a $50 handle this morning and the dollar (CAD & AUS tied to resources, Swiss tied to Euro) at a 6 year high. -1 degree on way in this morning.  VIX Futures active in pre-market session, up ~2.5%. SPY off 1.25.  Volatility as an asset class: Cempra (CEMP) is up $6.11 to $29 in the[...]

  • Market News | VIX | Trader Talk | Jan 2, 2015, 3:30 PM

    The Weekly Options News Roundup – 1/2/2015

    The Weekly Options News Roundup – 1/2/2015

    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. New Year, New Options? It’s January, the time when investors eagerly search for clues to help forecast the markets (and volatility!) for the new year.  So, what’s the outlook for 2015?  Some industry observers weigh in. “Outlook 2015: Options for the Long Haul” – Steve Sosnick,[...]

  • VIX | Blogging Options | Trader Talk | Jan 2, 2015, 1:00 PM

    Blogging Options: CBOE Mid-Day Update 1.2.15

    Blogging Options: CBOE Mid-Day Update 1.2.15

    ISM for December (55.5% versus 58.7% in Nov, 4th straight drop and lowest since June '13), disappointed traders and investors this morning, turning a firm opening into a light-volume sell off.  Construction Spending fell as well.  10-Year yield dropped to 2.12% after printing 2.102%. Oil and Grains off over 1%. GE, NKE & DIS lower, IBM, V & CELG higher.  Volatility as an asset class: S&P 500 Top Best Performers of 2014 have mixed option implied volatility Mallinckrodt (MNK)[...]

  • VIX | Blogging Options | Trader Talk | Jan 2, 2015, 11:53 AM

    CBOE Mid-Day Update 1.2.15

    CBOE Mid-Day Update 1.2.15

    Volatility as an asset class S&P 500 Top Best Performers of 2014 have mixed option implied volatility Mallinckrodt (MNK) overall option implied volatility of 38 compares to its 26-week average of 35. Delta Air Lines (DAL) overall option implied volatility of 37 compares to its 26-week average of 36. Keurig Green Mountain (GMCR) overall option implied volatility of 32 compares to its 26-week average of 33. Royal Caribbean (RCL) overall option implied volatility of 32 compares to its 26-week average[...]

  • Market News | VIX | Blogging Options | Trader Talk | Jan 2, 2015, 8:20 AM

    Blogging Options: CBOE Morning Update 1.2.15

    Blogging Options: CBOE Morning Update 1.2.15

    2014 ended the year showing a gain for the DJIA of ~7% and the SPX & NDX of 11%.  Great recap of 2014 Volatility by Russell Rhoads on VIX and several sectors in yesterdays posts. Stock Futures modestly higher as we begin trading in 2015.  WTI and Brent Crude down 2% to 3%.  Overseas markets soft.  Asian markets lower as Chinese economic news shows a stagnating economy, while European Purchasing Managers shows similar.  ISM report due out at 900am CST.  VIX Futures[...]

  • VIX | Blogging Options | Trader Talk | Dec 31, 2014, 1:45 PM

    Blogging Options: CBOE Mid-Day Commentary 12.31.14

    Blogging Options: CBOE Mid-Day Commentary 12.31.14

    Stocks drifting at lower levels as the final bell of 2014 grows near.  SPX & NASDAQ with double-digit gains for 2014.  Volume very light early this afternoon, as expected.  VIX up 20% to trade with a 19 handle. Have a good New Years Eve and day, Don't forget Chicago BlackHawks at noon CST tomorrow as they play outdoors in Washington, D.C.  Volatility as an asset class Technology device stocks option implied volatility is flat into International CES that opens in Las Vegas[...]

  • Blogging Options | Trader Talk | Dec 31, 2014, 8:18 AM

    Blogging Options: CBOE Morning Update 12.31.14

    Blogging Options: CBOE Morning Update 12.31.14

    US Stock futures up fractionally, Weekly Claims rise a little more than expected, Crude drops again, trading below $53 per bbl.  Kink Abdullah of Saudi Arabia reportedly hospitalized for tests mat be adding to price instability.  10-year 2.18%. Regular trading hours today.  Volatility as an asset class: Chevron (CVX) is down 60c to $112.51 in the premarket as WTI Crude Oil trades below $54. January call option implied volatility is at 30, March at 23; compared to its 26-week average[...]

  • Market News | Dec 30, 2014, 12:14 PM

    Blogging Options: CBOE Mid-Day Update 12.30.14

    Blogging Options: CBOE Mid-Day Update 12.30.14

    Utilities off ~1.6%, surprising with yields falling this morning.  Stocks soft on light volume, Crude pretty quiet with fractional losses. Volatility as an asset class Select Sector SPDR ETF’s are trading near record highs with mixed option implied volatility Consumer Discretionary Sector SPDR (XLY) overall option implied volatility of 13 compares to its 26-week average of 14. Industrial Select Sector SPDR (XLI)  option implied volatility of 15 compares to its 26-week average of 14. Health[...]

  • Market News | Blogging Options | Dec 29, 2014, 1:32 PM

    Blogging Options: CBOE Mid-day Update 12.29.14

    Blogging Options: CBOE Mid-day Update 12.29.14

    Volatility as an asset class VIX methodology for Goldman Sachs (VXGS) up 3.3% to 24.66, compared to its 50-day moving average of 22.07. cboe.com/VXGS VIX methodology for Apple (VXAPL) up 3.3% to 29.83 compared to its 50-day moving average of 25.68. cboe.com/VXAPL VIX methodology for Amazon (VXAZN) up 3.7% to at 37.12, compared to its 50-day moving average of 32.83. cboe.com/VXAZN VIX methodology for Google (VXGOG) up 5% to 25.98, compared to its 50-day moving[...]