VIX Archives - CBOE Blogs

  • VIX | Blogging Options | Trader Talk | Feb 4, 2015, 11:56 AM

    CBOE Mid-Day Update 2.4.15

    CBOE Mid-Day Update 2.4.15

    Volatility as an asset class General Motors (GM) is recently up $1.63 to $35.55 on better than expected Q4 results and guidance. February weekly call option implied volatility is at 33, February is at 26, March is at 24, June is at 23; compared to its 26-week average of 25. Polo Ralph (RL) is recently down $27.40 to $143.43 in the premarket on less than expected Q3 revenue of $2.03B. February call option implied volatility is at 28, March is at 24, April is at 22; compared to its 26-week average[...]

  • VIX | Blogging Options | Trader Talk | Feb 3, 2015, 12:30 PM

    CBOE Mid-Day Update 2.3.15

    CBOE Mid-Day Update 2.3.15

    Volatility as an asset class Global X FTSE Greece 20 ETF (GREK) is recently up $1.72 to $13.45 after Greece's new government proposed ending the confrontation with its creditors. February call option implied volatility is at 63, March is at 59, April is at 56; compared to its 26-week average of 47. Cliffs Natural (CLF) is recently down after reporting Q4 results.  February weekly call option implied volatility is at 135, February is at 105, March is at 104, June is at 102; compared to its 26-week[...]

  • Market News | VIX | Futures | Feb 2, 2015, 3:20 PM

    Checking in on Oil Volatility

    Checking in on Oil Volatility

    Oil was the headline grabbing market for the last few months of 2014. For months the price of oil has continued to violate any sort of support levels that technical analysts can come up with. January’s average OVX close was just over 55. This was the highest average for a month since the tail end of the Great Financial Crisis in April 2009. The chart below shows the average daily close by month for OVX since mid-2007 through January 2015. The thing is, Oil has sort of vanished from the headlines.[...]

  • Technical Analysis & Charts | VIX | Education | Feb 2, 2015, 1:30 PM

    Bearish Signs Continue - Weekly Market Outlook 2.2.15

    Bearish Signs Continue - Weekly Market Outlook 2.2.15

    While there's no denying last week was a rough one for the market, from one perspective, stocks still look like they've got a chance at recovering again. From another perspective though, the floor has already been broken, opening the door to a much more substantial dip. We'll take a look at how the market may already be past the point of no return in a moment. Let's first take a look at the economic numbers that ultimately spurred the sell-off last week. Economic Data Last week was relatively busy[...]

  • VIX | Blogging Options | Trader Talk | Feb 2, 2015, 11:49 AM

    CBOE Mid-Day Update 2.2.15

    CBOE Mid-Day Update 2.2.15

    Volatility as an asset class Shares of most airline stocks are down today as oil prices are rising slightly after jumping on Friday. United Continental (UAL) February weekly call option implied volatility is at 37, February is at 34, March is at 32, April is at 35; compared to its 26-week average of 32. Delta Air Lines (DAL) is recently down $1.07 to $46.27. February weekly call option implied volatility is at 57, February is at 49, March is at 47, June is at 42; compared to its 26-week average of[...]

  • Market News | VIX | Trader Talk | Futures | Feb 1, 2015, 11:52 AM

    Dissecting VIX Volume Trends

    Dissecting VIX Volume Trends

    I was lucky enough to join The Options Institute at the Chicago Board Options Exchange in April 2009. This has been a wonderful place to work as each day is different and almost every day I learn something new. Back in high school, a discipline heavy all-boys school, the head football coach was my homeroom teacher for freshman year. Coach Nix would send us off with the same words each day, “If you learn one new thing each day this year you will know a lot of new things at the end of the year.”[...]

  • VIX | Trader Talk | Futures | Feb 1, 2015, 7:20 AM

    The Week in VIX - 1/26 - 1/30

    The Week in VIX - 1/26 - 1/30

    The stock market continues to be jittery with the S&P 500 dropping almost 3% last week.  This price action resulted in a 25% move higher in VIX. I was in the classroom most of Friday so I wasn’t as focused as I would like to have been on the intraday price action. I was pretty surprised to see the February future settle at a premium to the index. With VIX over 20 we would expect at least a little backwardation. I could understand the shape of the curve below if February settlement[...]

  • Market News | VIX | Trader Talk | Futures | Jan 31, 2015, 12:12 PM

    The Week in Volatility Indexes and ETPs - 1/26 - 1/30

    The Week in Volatility Indexes and ETPs - 1/26 - 1/30

    Friday the S&P 500 sold off and broke below the psychologically significant 2000 level. Other than being a round number that’s about all the significance I would give to 2000.  If I were still a full time trader the number I would be more concerned with is 1990. The first chart this weekend is a daily closing chart for the S&P 500. I did write a book on technical analysis (like 9 years ago) but do not claim to be a master technician. However it sure appears to me that support for[...]

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

    The Weekly Options News Roundup – 1/30/2015

    The Weekly Options News Roundup – 1/30/2015

    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. Volatility Merry-Go-Round The choppy volatility in the new year continues.  So what is the VIX Index telling us? “Volatility Gauges’ Outlooks Differ” – Steven M. Sears, Barron’s http://on.barrons.com/15PwQL5 “Morning MoneyBeat: Why the VIX Isn’t Telling the Whole Story”[...]

  • Technical Analysis & Charts | VIX | Trader Talk | Education | Jan 30, 2015, 2:30 PM

    Weekly Market Commentary 1.30.15

    Weekly Market Commentary 1.30.15

    Market volatility has remained high, and we can expect these high levels of volatility to persist. Even with this volatility, the chart of $SPX is still in a trading range. Once again -- for the fifth time this month -- 1990 has proven to be support. To say that 1990 is an important level would be an understatement.   If it gives way, a much more bearish situation would develop. On the upside, there is resistance at 2065. Equity-only put-call ratios remain on sell signals.  They rolled[...]

  • VIX | Blogging Options | Trader Talk | Jan 30, 2015, 1:27 PM

    CBOE Mid-Day Update 1.30.15

    CBOE Mid-Day Update 1.30.15

    Volatility as an asset class Biogen (BIIB) is recently up $34.93 to $388.54 on Q4 profit nearly doubling. February weekly call option implied volatility is at 37, February is at 34, March is at 32, April is at 35; compared to its 26-week average of 32. MasterCard (MA) is recently up 54c to $81.86 on Q4 profit increasing 29%. February weekly call option implied volatility is at 35, February is at 28, March is at 25; compared to its 26-week average of 24. Tyson (TSN) is recently down 53c to $39.68[...]

  • VIX | Blogging Options | Trader Talk | Jan 29, 2015, 1:20 PM

    CBOE Mid-Day Update 1.29.14

    CBOE Mid-Day Update 1.29.14

    Volatility as an asset class Yahoo (YHOO) is recently down $3.25 to $43.20 following Alibaba's (BABA) weak earnings report. January weekly call option implied volatility is at 59, February weekly is at 45, February is at 38, March is at 38; compared to its 26-week average of 38. McDonald's (MCD) is recently up $3.74 to $92.49 after announcing a CEO change. February weekly call option implied volatility is at 20, February is at 18, March is at 17, June at 16; compared to its 26-week average of 18. Ford[...]

  • VIX | Trader Talk | Education | Trade Ideas | Jan 29, 2015, 10:00 AM

    Day Two Agenda: CBOE Risk Management Conference March 5th

    Day Two Agenda: CBOE Risk Management Conference March 5th

    As you know, CBOE’s 31st Annual Risk Management Conference (RMC) will be held March 4 – 6, 2015 at the Park Hyatt Aviara in Carlsbad, California, 25 miles North of San Diego.  RMC is the premiere financial industry conference designed for institutional users of equity derivatives and volatility products. RMC's agenda covers a variety of concepts, including how to employ  hedging techniques for portfolios, utilizizing equity derivatives, and modeling and trading volatility. Topics[...]

  • Market News | VIX | Blogging Options | Trader Talk | Jan 29, 2015, 7:35 AM

    Blogging Options: CBOE Morning Update 1.29.15

    Blogging Options: CBOE Morning Update 1.29.15

    US Stock Futures rallying after a few tough previous sessions.  Weekly Claims dropped sharply to 265K.  Overseas equities lower with FTSE sliding 0.8%.   MCD announces new CEO.  QCOM beats but guides lower.  Jeff Gundlach and Bill Gross with bearish comments.  17.6 mm option contracts yesterday. Volatility as an asset class: Alibaba (BABA) is down $5.45 to $93 in the premarket following Q3 results. January weekly call option implied volatility is at 117, February[...]

  • Market News | VIX | Blogging Options | Trader Talk | Jan 28, 2015, 1:46 PM

    CBOE Mid-Day Update 1.28.15

    CBOE Mid-Day Update 1.28.15

    Stocks soften on Hawkish FED & Yellen remarks. Crude trades at 6-year low, with WTI under $44.50.  10-year drops 9 basis points to 1.73.  Options volume pretty average. Boeing (BA) is up $7.95 to $140.55 on better than expected Q4 results and light guidance. February, March and April call option implied volatility is at 17; compared to its 26-week average of 19. US Steel (X) is up $2.73 to $24 on better than expected Q4 results and outlook.  February call option implied volatility[...]