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  • VIX | Blogging Options | Trader Talk | May 19, 2015, 12:06 PM

    CBOE Mid-Day Update 5.19.15

    CBOE Mid-Day Update 5.19.15

    Volatility as an asset class Dick's Sporting (DKS) is recently down $2.24 to $54.06 on inline Q1 results and strong Q2 guidance. June call option implied volatility is at 23, September is at 24; compared to its 90-day average of 26. TJX (TJX) is recently up $2.65 to $69.91 after the retailer reported inline into Q1 results and strong Q2 guidance. June call option implied volatility is at 18, July and October is at 17; compared to its 90-day average of 20. Take-Two (TTWO) is recently up $3.73 to $27.93[...]

  • VIX | Blogging Options | Trader Talk | May 19, 2015, 8:01 AM

    Blogging Options: CBOE Morning Update 5.19.15

    Blogging Options: CBOE Morning Update 5.19.15

    ECB talking of accelerating next round of QE has shorts in Europe scrambling.  April Housing Starts higher than estimates, rebounding after February and March disappointed.  SPY up fractionally.  Last day to trade May VIX, settles tomorrow morning.  Volatility as an asset class Home Depots (HD) is up $1.92 to $116.25 in the premarket on Q1 profit increasing 14.5%. May weekly call option implied volatility is at 34, June is at 21, August is at 20; compared to its 90-day average[...]

  • VIX | Blogging Options | Trader Talk | May 18, 2015, 12:20 PM

    CBOE Mid-Day Update 5.18.15

    CBOE Mid-Day Update 5.18.15

    Volatility as an asset class S&P 500 ticks new life high The S&P 500 (SPY) index has ticked a marginal new life high at 2127.45. May weekly and June call option implied volatility is at 11; compared to its 90-day average of 13. Technology Sector SPDR (XLK) May weekly and June call option implied volatility is at 13; compared to its 90-day average of 15. Financial Sector SPDR (XLF) May weekly and June call option implied volatility is at 14; compared to its 90-day average of 14. Consumer Discretionary[...]

  • VIX | Blogging Options | Trader Talk | May 15, 2015, 3:00 PM

    The Weekly Options News Roundup – 5/15/2015

    The Weekly Options News Roundup – 5/15/2015

    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. VIX 101 “What is the essence of VIX? This may seem like an abstract, philosophical question, but I can assure you it is not. It is a practical one, and if you can understand what makes VIX unique, you will know why this index matters so much...” “The Essence of VIX: What You Really Need to Know”[...]

  • Market News | Blogging Options | Trader Talk | May 15, 2015, 7:56 AM

    Blogging Options: CBOE Morning Update 5.15.15

    Blogging Options: CBOE Morning Update 5.15.15

    Today is May options expiration.  Memorial Day early this year, it's next weekend.  We'll have the holiday trading schedule posted Monday. May Empire Manufacturing with a big miss, with a gain of 3.09 (1.19 in April), we saw estimates between 4.8 and 5.25.  Most of the components were positive, but barely.  Most overseas markets up fractionally playing catch-up to the US rally yesterday. Gold & Oil down, 10-year retreats to ~2,.2%.  Enjoy the weekend.  Volatility[...]

  • VIX | Blogging Options | Trader Talk | May 14, 2015, 12:16 PM

    CBOE Mid-Day Update 5.13.15

    CBOE Mid-Day Update 5.13.15

    Volatility as an asset class Kohl's (KSS) is recently is down $8.78 to $65.70 on weak February Same Store Sales. June call option implied volatility is at 25, July is at 24; compared to its 90-day average of 24. Vipshop (VIPS) is recently down $1.30 to $25.73 after reports Q1 adjusted EPS 13c, consensus 10c and inline revenue of $1.39B. May weekly call option implied volatility is at 48, June is at 47, August is at 51; compared to its 90-day average of 49. Jack in the Box (JACK) is recently down[...]

  • Blogging Options | Trader Talk | May 14, 2015, 7:59 AM

    Blogging Options: CBOE Morning Update 5.14.15

    Blogging Options: CBOE Morning Update 5.14.15

    April PPI fell 0.4% (+0.1% expected), Core 0ff 0.2%.  Orders for machinery and oil prices major contributors to drop.  Weekly Jobless Claims come in less than anticipated.  Slow news day so far.  May option expiration tomorrow.  Traders talking about $VXTYN lately. Volatility as an asset class: Cisco (CSCO) is down $0.30 to $29.10 in the premarket after reporting Q3 EPS 54c, compared consensus of 53c.  May call option implied volatility is at 69, June is at 25, July[...]

  • Blogging Options | Trader Talk | May 13, 2015, 7:45 AM

    Blogging Options: CBOE Morning Update 5.13.15

    Blogging Options: CBOE Morning Update 5.13.15

    April Retail Sales unchanged (+0.2% to +0.3% expected). X-Auto's +0.1%, Control Group flat.  march revised higher by two ticks, but Sales on weak side.  Europe calm this morning, US futures to positive side.  10-year yield drops near 2.2%.  Du Pont (DD) appears to have won proxy fight, is off $2 before opening.  Volatility as an asset class Pall Corp (PLL) is up $5.78 to $124.40 in the premarket on acquiring Danaher (DHR) for $13.8B including assumed debt. May call option[...]

  • VIX | Blogging Options | Trader Talk | May 12, 2015, 7:59 AM

    Blogging Options: CBOE Morning Update 5.12.15

    Blogging Options: CBOE Morning Update 5.12.15

    The weakest Japanese bond auction in over six years, Greece staying solvent by delivering all cash reserves to the IMF, and profit taking are weighing heavily on US stock futures this morning.  European shares off ~1.5%, 10-year at 2.3%. Volatility as an asset class AOL (AOL) is up $7.75 to $50.34 in the premarket on Verizon (VZ) acquiring for $50 per share or $4.4B. May call option implied volatility is at 37, June is at 32; compared to its 90-day average of 30. IShares Barclay 20+ YR Treasury[...]

  • VIX | Blogging Options | Trader Talk | May 11, 2015, 12:06 PM

    CBOE Mid-Day Update 5.11.15

    CBOE Mid-Day Update 5.11.15

    Volatility as an asset class Apple (AAPL) is recently down $1.10 to $126.48. May weekly call option implied volatility is at 25, June is at 23; compared to its 26-week average of 26. VIX methodology for Apple (VXAPL) up 2.5% to 25.45. cboe.com/VXAPL Etsy (ETSY) is recently down $2.03 to $20.60 after the online marketplace was downgraded to Underperform from Neutral at Wedbush. May call option implied volatility is at 74, June is at 64, September is at 54; compared to its 10-day average of 60. Monster[...]

  • VIX | Blogging Options | Trader Talk | May 11, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 5.11.15

    Blogging Options: CBOE Morning Update 5.11.15

    US shares flat as we approach the opening of trading. Noble Energy offers ~$26.70 in stock for Rose (up $6 to $25.30, 52-week high above $55).  Eurogroup meets today on Greece debt problem, Greece signaling pessimism.  China cut rates again, Chinese stocks rally, picking up half of last weeks losses.  US and overseas economic data doesn't start until Wednesday. VIX Futures quiet in early session, after trading ~228K Friday. Volatility as an asset class: iShares FTSE Xinhua China 25[...]

  • Market News | VIX | May 8, 2015, 3:00 PM

    The Weekly Options News Roundup – 5/8/2015

    The Weekly Options News Roundup – 5/8/2015

    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. Weeklys News in the Weekly News Roundup A week ago (naturally!), CBOE announced plans to list VIX options and futures with weekly expirations.  By ‘filling the gaps’ between monthly expirations, investors will have new opportunities to establish short-term VIX positions, and fine-tune the timing of[...]

  • VIX | Blogging Options | Trader Talk | May 8, 2015, 11:56 AM

    CBOE Mid-Day Update 5.8.15

    CBOE Mid-Day Update 5.8.15

    Volatility as an asset class Monster Beverage (MNST) is recently down $12.23 to $131.20 on less than expected Q1 results and guidance. May call option implied volatility is at 29, June is at 31, September is at 32; compared to its 52-week average of 39. CBS (CBS) is recently down $1.31 to $59.91 after reporting Q1 EPS 78c, consensus 75c.  May call option implied volatility is at 24, June is at 27, September is at 26; compared to its 26-week average of 28. IShares Barclay 20+ YR Treasury ETF[...]

  • Market News | Blogging Options | Trader Talk | May 8, 2015, 7:58 AM

    Blogging Options: CBOE Morning Update 5.8.15

    Blogging Options: CBOE Morning Update 5.8.15

    April Non-Farm Payrolls showed a gain of 223K jobs, (226K expected),  jobless rate fell to 5.4%, not a surprise.  March Jobs revised lower by 39K to a gain of only 85K.  Participation rate up one tick.  Stock futures rally, as slowing economy should prevent early rate hikes.  FTSE up 2% on election results (Conservatives win big), other overseas markets also higher.  Options Institute and BofA Merrill welcomed 35 officers from 30 different countries attending US Naval[...]

  • VIX | Blogging Options | Trader Talk | May 7, 2015, 12:17 PM

    CBOE Mid-Day Update 5.7.15

    CBOE Mid-Day Update 5.7.15

    Volatility as an asset class Alibaba (BABA) is recently up $5.57 to $85.59 after reporting quarterly results and new CEO.  May call option implied volatility is at 31, June is at 27, July is at 26; compared to its 26-week average of 34. Priceline.com (PCLN) is recently down $42.15 to $1,222.07 on below consensus Q2 outlook on currency and growth conservatism. May call option implied volatility is at 24, June is at 23, July is at 22; compared to its 26-week average of 32. TripAdvisor (TRIP) is[...]