VIX Archives - CBOE Blogs

  • Market News | VIX | Trader Talk | Feb 20, 2015, 7:48 AM

    Blogging Options: CBOE Morning Update 2.20.15

    Blogging Options: CBOE Morning Update 2.20.15

    European markets turn slightly negative as Greece situation not resolved yet.  DE earnings beat lowered estimates but pared back guidance has shares off $1.25 to $90.46.  WMT said to be downgraded by Barclay's, drops $1.00 to $82.52. Gold & Oil higher, US$ higher. Watch for bumpy early session on Greece deal/no deal.  Options volume average Thursday, SPX trades over 1mm contracts. Volatility as an asset class: Global X FTSE Greece 20 ETF (GREK), sellers emerged in late trading,[...]

  • VIX | Education | Futures | Feb 19, 2015, 2:00 PM

    CBOE Risk Management Conference is Two Weeks Away

    CBOE Risk Management Conference is Two Weeks Away

    I received two inquiries this morning about CBOE's 31st Annual Risk Management Conference (RMC), March 4 - 6, 2015 in Carlsbad, California.  It is being held at the Park Hyatt Aviara, along the Pacific Ocean, 25 miles North of San Diego California. The agenda, topics, speakers and registration forms are available at http://www.cboermc/agenda.  There is still some space available at CBOE RMC. This is considered the premiere financial industry conference designed for institutional users of[...]

  • Anticipating MSCI EAFE Index Option Price Behavior

    Anticipating MSCI EAFE Index Option Price Behavior

    Over the next few weeks there is going to be a lot going on at CBOE. The Options Institute will be turning 30 soon, VIX and SPX option hours are going to be expanded to a 2:00 am Chicago opening, and the always informative US version of the CBOE Risk Management Conference will be held in early March. However, what is on the horizon that has me the most excited is the launch of index option trading on two of the widely followed MSCI family of indexes. As a side note - my interest in new[...]

  • VIX | Trader Talk | Education | Futures | Feb 17, 2015, 1:45 PM

    VIX February Settlement Reminder: Wednesday 2.18.15

    VIX February Settlement Reminder: Wednesday 2.18.15

    Settlement Reminder: Today, Tuesday, February 17th is the last trading day for February in the following: VIX, RVX, VXN, GVZ, OVX, VXEEM, VXEWZ, and VXTYN futures and options. These contracts settle tomorrow, Wednesday morning, February 21st. We will post the settlement values when they are released tomorrow morning.

  • Technical Analysis & Charts | VIX | Education | Feb 17, 2015, 9:45 AM

    Textbook Breakout, Will It Confirm? - Weekly Market Outlook

    Textbook Breakout, Will It Confirm? - Weekly Market Outlook

    While most everyone knows last week was a good one for the market, it may not be clear just how eventful it really was.  The S&P 500's (SPX) (SPY) 2.0% gain last week carried the index to record highs and a record high close. On the surface it's technically bullish, so we'll take the clue at face value.  We'll also point out, however, most of the recent surges like last week's ended up turning tail pretty quickly.  We'll still need to keep things on a short leash until this breakout[...]

  • Market News | VIX | Blogging Options | Feb 17, 2015, 7:40 AM

    Blogging Options: CBOE Morning Update 2.17.15

    Blogging Options: CBOE Morning Update 2.17.15

    After a strong move into the long weekend, stocks are retreating.  Talks collapsing in Greece are being blamed. Empire State business conditions fell over two points to 7.75, below estimates.  WM & MDT earnings bottom line beat expectations.  Oil and metals off fractionally, 10-year 2.03%. Volatility as an asset class: National Bank of Greece (NBG) is down 24c to $1.37 on Greek bailout talks with the EU. Overall option implied volatility of 136 compares to its 26-week average of[...]

  • Market News | VIX | Trader Talk | Futures | Feb 15, 2015, 10:18 AM

    The Week in VIX - 2/9 - 2/13

    The Week in VIX - 2/9 - 2/13

    The S&P 500 finished Friday at a 2015 closing high while VIX finished the day at the lowest closing price for 2015. What is a little perplexing about the chart below is the relationship between spot VIX and the February contract.   I am well aware that VIX is under a slight amount of extra pressure due to the three day holiday, but all day Friday the February VIX future was much greater than the 1.00 point premium to the underlying index. I understand the world has been full of surprises[...]

  • Market News | VIX | Trader Talk | Futures | Feb 13, 2015, 9:46 AM

    Earnings Next Week - 2/17 - 2/20

    Earnings Next Week - 2/17 - 2/20

    Next week is a short week, but still heavy on the earnings front.  The numbers below depict the biggest up and down moves over the last three years along with the average move and what the stock did in response to the last earnings release -  

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

    CBOE Mid-Day Update 2.12.15

    CBOE Mid-Day Update 2.12.15

    Stocks push higher on calming of tensions in Ukraine.  Gold and Oil off fractionally, 10-year yield off 2-basis points.  European equities closed higher, FTSE up 9.96 points. Option activity picked in the first half of todays session.  With ~10.2 mm options contracts trading, SPX with 555K, VIX options showed 290K, 1.4mm SPY options change hands.  AAPL traded 1.25m contracts, BIDU, CSCO and GOOG options fairly busy. Baidu (BIDU) is down $9.98 to $204.72 after the Chinese internet[...]

  • Market News | VIX | Blogging Options | Feb 11, 2015, 12:41 PM

    CBOE Mid-Day Update 2.11.15

    CBOE Mid-Day Update 2.11.15

    Markets lower on Oil retreat and uncertainty in Europe.  Small business optimism droped 2.5% in January, but is still at a high level.  Option volume slightly below average at noon CT, ~8.2 mm contracts trade.  SPX with 388K, AAPL trades roughly 1 million option contracts.  GS loses $2 points, NKE off $1.50. on the NASDAQ BIDU off $4, AAPL adds $2. AOL (AOL) is down $4.83 to $40 after reporting less than expected Q4 results and the digital content portal sees 1H15 revenue impacted[...]

  • VIX | Blogging Options | Trader Talk | Feb 11, 2015, 7:54 AM

    Blogging Options: CBOE Morning Update 2.11.15

    Blogging Options: CBOE Morning Update 2.11.15

    Meetings in Brussels and Minsk overshadowing Q1 earnings today.  US stock futures mixed to lower, overseas markets much the same.  10-year unchanged.  Baltic Dry hitting a record low and this disturbing level starting to get attention. AOL earnings beat, revenues missed. Volatility as an asset class: PepsiCo (PEP) is up $2.86 to $101.40 in the premarket after reporting Q4 core EPS $1.12, compared to consensus $1.08. February weekly call option implied volatility is at 31, February[...]

  • VIX | Blogging Options | Trader Talk | Feb 10, 2015, 7:39 AM

    Blogging Options: CBOE Morning Update 2.10.15

    Blogging Options: CBOE Morning Update 2.10.15

    Overseas markets mixed to higher.  Bonds firm.  Oil down 1%.  GPS lower by $0.68 on lower sales, ARO lost less than expected and has added $0.40 in early action.  Watch the Greeks and Oil.  Volatility as an asset class: Urban Outfitters (URBN) is up $2.54 to $39.05 in the premarket after reporting Q4 revenue of $1B, compared to consensus $997M. Q4 comparable Retail segment net sales increased 6%. Overall option implied volatility of 31 compares to its 26-week average of 30. Qualcomm[...]

  • VIX | Trader Talk | Education | Futures | Feb 9, 2015, 1:45 PM

    SPX Range & Oil Key Juncture - Weekly Market Outlook

    SPX Range & Oil Key Juncture - Weekly Market Outlook

    Despite Friday's modest stumble, last week was clearly a good one for the market, bringing it back from the brink of a significant correction and putting it back within reach of a significant breakout.  Yet, as has been the case too many times over the past couple of months, the bulls just couldn't deliver the knockout blow to the bears when they needed to the most.  This isn't to say it's not going to happen.  It is to say, however, it's definitely not a done deal and a move back[...]

  • Market News | VIX | Blogging Options | Feb 9, 2015, 12:17 PM

    CBOE Mid-Day Update 2.9.15

    CBOE Mid-Day Update 2.9.15

    AAPL (up $0.50) & MSFT (higher by $0.20) keeping the NASDAQ from joining the DJIA and SPX in a minor selloff.  The energy sector (Oil up $1.00), airlines down.  Gold and Grains doing well. President Obama and Chancellor Merkel in joint press conference, traders unsure what they agreed on.  Option volume at 7.2mm fairly light.  SPX volume at 355K and AAPL options trade 340K mid-day. McDonald's (MCD) is down $1.00 to $92.99  on global comparable sales decreased 1.8% in[...]

  • Market News | VIX | Trader Talk | Feb 6, 2015, 3:15 PM

    The Weekly Options News Roundup – 2/6/2015

    The Weekly Options News Roundup – 2/6/2015

    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. There’s a “Best App” For That On Wednesday, CBOE Mobile was named “Best Mobile Application” at the fourth annual Wall Street Letter Institutional Trading Awards.  Since launching just a couple of months ago, there have been more than 17,000 downloads and/or updates of CBOE Mobile. “The[...]