VIX Archives - Cboe Blogs

  • 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[...]

  • Weekly Market Commentary 2.6.15

    Weekly Market Commentary 2.6.15

    The stock market has had a strong week. Even so, $SPX remains within the general confines of the 1990-2065 trading range, on a closing basis. We still await a breakout from that range in order to establish an intermediate-term trend. In something of a surprise, both equity-only put-call ratios rolled over to buy signals after Tuesday's trading this week. The computer programs that we use to monitor these charts were right on top of this new signal. Market breadth has been jumping back[...]

  • VIX | Blogging Options | Trader Talk | Feb 6, 2015, 12:03 PM

    CBOE Mid-Day Update 2.6.15

    CBOE Mid-Day Update 2.6.15

    Volatility as an asset class Pandora (P) is recently down $3.29 to $15.12 on a Q4 revenue miss on weakness in several ad verticals and weaker than expected listener hours. February call option implied volatility is at 56, March is at 54, June is at 53; compared to its 26-week average of 62. Expedia (EXPE) is recently down $9.85 to $78.15 on the Q4 miss driven by FX headwinds, rate pressure, and increasing losses in China. February call option implied volatility is at 35, March is at 31, April is[...]

  • VIX | Trader Talk | Education | Futures | Feb 6, 2015, 10:45 AM

    Extended Trading Hours Planned for March in SPX and VIX Options

    Extended Trading Hours Planned for March in SPX and VIX Options

    Investors from around the world have expressed interest in Extended Trading Hours (ETH) for key risk management tools, and, since June 2014, the trading hours for futures on the CBOE Volatility Index® (VIX®) have been expanded to nearly 24 hours a day, five days a week. PLANS FOR ETH FOR SPX AND VIX OPTIONS NEXT MONTH CBOE announced a plan this morning to launch Extended Trading Hours for options on both the S&P 500 and the VIX indexes next month, contingent upon SEC approval. CBOE[...]

  • VIX | Blogging Options | Trader Talk | Feb 5, 2015, 12:18 PM

    CBOE Mid-Day Update 2.5.15

    CBOE Mid-Day Update 2.5.15

    Volatility as an asset class Green Mountain Coffee (GMCR) is recently down $5.30 to $115.90 after reporting a Q1 EPS beat but a sales miss and reduced FY15 sales guidance mostly due to currency drag. February call option implied volatility is at 40, March and April is at 34; compared to its 26-week average of 42. Sprint (S) is recently up 30c to $4.87 after reporting Q3 platform net additions of 967K. February call option implied volatility is at 58, March is at 54, April is at 51, June is at 50;[...]