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; compared to its 26-week average of 35.
SPDR Euro STOXX 50 ETF (FEZ) is up $0.21 to $36.32 on hopes for central bank economic stimulus actions. Overall option implied volatility of 24 compares to its 26-week average of 17.
CBOE Crude Oil Volatility Index (OVX) up 3.6% to $58.48, WTI trades near $48 cboe.com/OVX
CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) up 1.6% to 33.16. cboe.com/micro/VIXETF/VXXLE/
Active options at CBOE: AAPL C TSLA MGM ABX TWTR GILD NFLX BAC VIX
Options with increasing volume @ CBOE: JAH SONS TSEM GFI SPPI PGNX GRA ADXS
CBOE Volatility Index (VIX) down 1.9% to 20.48, high 21.37, low 19.78, January 20, 21, 22 and 23 calls active on total volume ofover 600 K cboe.com/VIX
iPath S&P 500 VIX Short-Term Futures (VXX) is up 45c to 35.93.
CBOE S&P 500 Short-Term Volatility Index (VXST) is up 1.7% to 24.14; compared to its 50-day moving average of 15.02 stks.co/r0CS2
CBOE DJIA BuyWrite Index (BXD) down 60c to 260.65 compared to its 50-day moving average of 262.34 cboe.com/micro/bxd/
S&P 100 Options (OEX) is down 4.90 to 884.90 into expected European Central Bank economic stimulus.