Blogging Options Archives - Cboe Blogs

  • VIX | Blogging Options | Trader Talk | Dec 19, 2014, 12:11 PM

    CBOE Mid-Day Update 12.19.14

    CBOE Mid-Day Update 12.19.14

    Volatility as an asset class CarMax (KMX) is recently up $5.76 to $66.29 on better than expected Q3 results and customer traffic growth. January call option implied volatility is at 28, April is at 31; compared to its 26-week average of 32. Finish Line (FINL) is recently down $5.63 to $23.28 after lowering its earnings outlook for the year on margin pressures. January call option implied volatility is at 34, February is at 35; compared to its 26-week average of 34. Xerox (XRX) is recently up 34c[...]

  • VIX | Blogging Options | Trader Talk | Dec 18, 2014, 11:52 AM

    CBOE Mid-Day Update 12.18.14

    CBOE Mid-Day Update 12.18.14

    Volatility as an asset class Oracle (ORCL) is recently up $3.40 to $44.56 after Q2 results beat estimates as Q2 total software plus cloud revenue grew 5% to $7.3B. December call option implied volatility is at 26, January is at 21, February is at 19; compared to its 26-week average of 21. Cloud software-as-a-service, platform-as-a-service and infrastructure-as-a-service stocks have rallied as volatility decreased. Salesforce.com (CRM) is recently up $2.28 to $59.25. December call option implied volatility[...]

  • VIX | Blogging Options | Trader Talk | Trade Ideas | Dec 18, 2014, 8:05 AM

    Blogging Options: CBOE Morning Update 12.18.14

    Blogging Options: CBOE Morning Update 12.18.14

    Overseas markets rallying overnight (European and Asian shares up 1% to 2%), helping US stock futures add to yesterdays gains.   Options activity brisk yesterday, as CBOE trades 6.7 million of 20.8mm contracts.  SPX with 1.49mm and VIX with 975K led the way. Oil and Ruble up slightly this morning. Volatility as an asset class: Oracle (ORCL) is up $2.11 to $43.27 in the premarket on Q1 revenue increasing +3.5% compared to year ago on strong cloud growth. December call option implied volatility[...]

  • VIX | Blogging Options | Trader Talk | Dec 17, 2014, 12:04 PM

    CBOE Mid-Day Update 12.17.14

    CBOE Mid-Day Update 12.17.14

    Volatility as an asset class Proshares UltraShort Barc 20 Year Treasury ETF (TBT) is recently up 66c to $46.22 into the FOMC policy statement.  December call option implied volatility is at 37, January is at 27, March is at 26; compared to its 26-week average of 24. IShares Barclay 20+ YR Treasury ETF (TLT) is recently down 93c to $126.68.  Overall option implied volatility of 15 is above its 26-week average of 11. Whirlpool (WHR) is recently up $9.28 to $183.82 on targeting to[...]

  • Market News | Blogging Options | Trader Talk | Dec 17, 2014, 7:56 AM

    Blogging Options: CBOE Morning Update 12.17.14

    Blogging Options: CBOE Morning Update 12.17.14

    CPI for November dropped 0.3% due to falling energy prices.  Core Rate (-Food & Energy) rose 1.7%, close to in-line.  Stocks added to early gains after this report.  Fed Minutes later this morning.  Ruble still center-stage today.  Volatility as an asset class Market-Vector Russia ETF Trust (RSX) is down 12c to $14.26 in the premarket as Russian ruble weakens. Overall option implied volatility of 61 is above its 26-week average of 29. FedEx (FDX) is off $6.06 to $168.20[...]

  • VIX | Blogging Options | Trader Talk | Dec 16, 2014, 11:43 AM

    CBOE Mid-Day Update 12.16.14

    CBOE Mid-Day Update 12.16.14

    Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is recently up 22c to $13.26 as WTI crude oil trades above $56.  Overall option implied volatility of 60 compares to its 26-week average of 25. Energy Select Sector SPDR (XLE) is recently up $2.09 to $75.49. December call option implied volatility is at 40, January is 35, March is at 33; compared to its 26-week average of 20. ProShares Ultra DJ-UBS Crude Oil (UCO) is recently up 26c to $11.39. Overall option implied[...]

  • Market News | Blogging Options | Dec 16, 2014, 8:20 AM

    Blogging Options: CBOE Morning Update 12.16.14

    Blogging Options: CBOE Morning Update 12.16.14

    Busy day yesterday as 19.8 million option contracts trade, with CBOE & C2 accounting for 7.2m.  SPX with 1.28m & VIX with 849K.  VIX Futures showed 417K contracts changing hands.  SPY active with 3.7m contracts trading.  VIX traded up to ~24 intra-day yesterday.  After the close Russia raised rates from 10.5% to 17%, 6th raise of '14.  Ruble trading near 74, range overnight 60-80.  Russia Q3 growth 0.2% (Oil & vodka main exports?). Oil down again, investors[...]

  • Market News | VIX | Blogging Options | Trader Talk | Dec 15, 2014, 2:18 PM

    Blogging Options: CBOE Mid-Day 12.15.14

    Blogging Options: CBOE Mid-Day 12.15.14

    Wild ride today as the DJIA was up and then down 100 points within the first 90 minutes of trading.  Over 16 million option contracts trade in the first five hours.  1 million+ SPX contracts and 700K VIX option contracts, with 308K VIX futures changing hands.   Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is down 0.50 to $13.20 as WTI crude oil trades below $57.  Overall option implied volatility of 60 compares to its 26-week average of 25. Energy[...]

  • Market News | Blogging Options | Trader Talk | Dec 15, 2014, 8:06 AM

    Blogging Options: CBOE Morning Update 12.15.14

    Blogging Options: CBOE Morning Update 12.15.14

    Oil market regains footing and stocks react positively.  Stock futures up nicely but off the highs, after Empire Fed report showed first contraction in the last two years in manufacturing.  Asian shares lower, Europe mixed to higher.  10-year 2.11%.  Dollar strong.  25 K VIX Futures trade this morning in early session, after 500 K Friday.  Volatility as an asset class: Honeywell (HON) is up $0.72 to $96.70 in the premarket after saying “We expect 2015 to be another[...]

  • Market News | VIX | Blogging Options | Trader Talk | Dec 12, 2014, 1:10 PM

    Blogging Options: CBOE Mid-Day Update 12.12.14

    Blogging Options: CBOE Mid-Day Update 12.12.14

    Big option volume day as stock futures trade off today's lows.  ~13.6m contracts change hands near noon CST, with SPX options (847K) and VIX (922K) being active.  VIX Futures added on to pre-market interest as 306K futures traded.  Crude stocks still getting hit.  Volatility as an asset class: iPath S&P GSCI Crude Oil Total Return (OIL) is down $0.45 to $13.76 as WTI crude oil trades near $58.  Overall option implied volatility of 41 compares to its 26-week average of[...]

  • VIX | Blogging Options | Trader Talk | Dec 12, 2014, 8:09 AM

    Blogging Options: CBOE Morning Update 12.12.14

    Blogging Options: CBOE Morning Update 12.12.14

    November PPI fell 0.2% (gasoline accounted for over half of the drop - flat expected) Core Rate was flat.  Oil being hammered again ON IEA lowering oil price forecast again.  Overseas markets down sharply, US following.  Jan WTI trading $58.50.  10-year near 2.12%. VIX Futures active in pre-market with 59K contracts traded.  Volatility as an asset class: Adobe (ADBE) is up $4.17 to $73.90 in the premarket after reporting first quarter results and that it will acquire Fotolia[...]

  • Blogging Options | Dec 11, 2014, 8:01 AM

    Blogging Options: CBOE Morning Update 12.11.14

    Blogging Options: CBOE Morning Update 12.11.14

    Retail Sales rose this morning, aided by Auto Sales (+1.7%).  Overseas markets not doing as well, talk of more problems in Greece hurting Asian stocks.  OIL off an additional 1%.  Volatility as an asset class The 'Majors' option implied volatility is elevated as WTI Crude Oil futures trade below $62 Exxon Mobil (XOM)  option implied volatility of 24 compares to its 26-week average of 18. BP (BP) overall option implied volatility of 28 compares to its 26-week average of 17. ConocoPhillips[...]

  • VIX | Blogging Options | Trader Talk | Dec 10, 2014, 11:46 AM

    CBOE Mid-Day Update 12.10.14

    CBOE Mid-Day Update 12.10.14

    Volatility as an asset class Las Vegas Sands (LVS) is recently down $1.94 to $54.17 after FBR lowered its estimates for LVS, Wynn Resorts (WYNN) and MGM Resorts (MGM) citing the 20% decline in Macau gross gaming revenue in November and a "soft" first week of December.  December call option implied volatility is at 36, January is at 32; compared to its 26-week average of 28. Wynn Resorts (WYNN) is recently down $8.15 to $148.49. December weekly call option implied volatility is at 42,[...]

  • Market News | VIX | Blogging Options | Trader Talk | Dec 10, 2014, 8:18 AM

    Blogging Options: CBOE Morning Update 12.10.14

    Blogging Options: CBOE Morning Update 12.10.14

    Economic news overseas not great this morning, but overseas markets steady (Asia mixed, Europe fractionally higher) after yesterday's selloff.  Metals lower, 10-year 2.22%.  Chicago baseball fans prepare for subway series after signing pitchers.  Volatility as an asset class: Costco (COST) is up $1.50 to $144.54 in the premarket after reporting better than expected Q1 EPS of $1.12 and Q1 SSS up 5%.  December call option implied volatility is at 16, January is at 15, April is at[...]

  • VIX | Blogging Options | Trader Talk | Dec 9, 2014, 12:00 PM

    CBOE Mid-Day Update 12.9.14

    CBOE Mid-Day Update 12.9.14

    Volatility as an asset class Bank of America (BAC) is recently down 32c to $17.34 on the bank sees Q4 sales and trading revenue down linked-quarter, y/y. December call option implied volatility is at 19, January and February is at 20; compared to its 26-week average of 23. Citigroup (C) is recently down $1.19 TO $55.19 on the CEO sees $2.7B charges in Q4 to address legal reserve charges. December call option implied volatility is at 20, January is at 18, February is at 20; compared to its 26-week[...]