VIX Archives - CBOE Blogs

  • VIX | Blogging Options | Trader Talk | Jan 12, 2015, 11:32 AM

    CBOE Mid-Day Update 1.12.15

    CBOE Mid-Day Update 1.12.15

    Volatility as an asset class Auto manufacturer’s option implied volatility is mixed as the North American International Auto Show begins in Detroit. General Motors Co. (GM) over all option implied volatility of 27 compares to its 26-week average of 26. Toyota Motor Corp. (TM) over all option implied volatility of 20 compares to its 26-week average of 19. Tesla (TSLA) over all option implied volatility of 43 compares to its 26-week average of 46. Ford (F) over all option implied volatility of[...]

  • Market News | VIX | Trader Talk | Futures | Jan 11, 2015, 8:00 AM

    Last Week in Volatility Indexes and ETPs - 1/5 - 1/9

    Last Week in Volatility Indexes and ETPs - 1/5 - 1/9

    When we have volatile weeks like last week I will alter the various term structure of volatility charts included in these blogs. The first graphic is an example of this where I added Tuesday’s closing levels for VXST, VIX, VXV, and VXMT to the typical week over week curve. Something that really stands out to me on this graphic is the shape of the Tuesday close. There is no inversion with VXST moving to a premium relative to VIX and the levels at the far end of the curve (VXV and VXMT) are at[...]

  • Market News | VIX | Trader Talk | Jan 9, 2015, 2:49 PM

    The Weekly Options News Roundup – 1/9/2015

    The Weekly Options News Roundup – 1/9/2015

    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. 2014: A Banner Year   Options trading in 2014 reached a new all-new high as industry volume rose 4% in 2014 from 2013. “Bull Market Hedging Was Boon for Exchange Volume in ’14: Options” – Sofia Horta e Costa and Inyoung Hwang, Bloomberg http://bloom.bg/1BIRisY CBOE Holdings Reports Record[...]

  • VIX | Blogging Options | Trader Talk | Jan 9, 2015, 1:45 PM

    CBOE Mid-Day Update 1.9.14

    CBOE Mid-Day Update 1.9.14

    Volatility as an asset class President Obama announced that he would ask Congress to provide free community college tuition for all Americans who are "willing to work for it". Publicly traded education companies in the space have flat option implied volatility. American Public Education (APEI) overall option implied volatility of 32 compares to its 26-week average of 34. Apollo Education (APOL) overall option implied volatility of 35 compares to its 26-week average of 36. Bridgepoint Education[...]

  • Market News | Technical Analysis & Charts | VIX | Jan 9, 2015, 1:00 PM

    Weekly Market Commentary 1.9.15

    Weekly Market Commentary 1.9.15

    The market has been on a rather wild ride for over a month now.  With the action of the last two days, our indicators have swung back to a bullish status, for the most part. The fact that $SPX has now risen back above its 20-day moving average and has closed above 2060 is positive.  A second day's close above 2060 would be confirmation of the recovery in the $SPX chart. Equity-only put-call have rolled over to buy signals. Market breadth was not very supportive of the December rally, and[...]

  • VIX | Trader Talk | Jan 9, 2015, 8:09 AM

    Blogging Options: CBOE Morning Update 1.9.15

    Blogging Options:  CBOE Morning Update 1.9.15

    NFP for December climbed to 252K (240K to 244K expected), Jobless rate fell from 5.8% to 5.6% (5.7% expected).  November jobs revised higher.  The negative side of the report was the Participation Rate fell to a 37-year low (451K dropped out last month), and Average Wages dropped a surprising 0.2%. Volatility as an asset class Bed Bath and Beyond (BBBY) is down $3.55 to $75.90 in the premarket on Q3 profit falling 5%. January weekly call option implied volatility is at 126, January is at[...]

  • Market News | VIX | Trader Talk | Education | Jan 8, 2015, 1:00 PM

    Weekly Weekly's Option Report 1.8.15

    Weekly Weekly's Option Report 1.8.15

    // Oil, earnings and stocks with hot options action are all coming your way.  I'm Angela Miles covering Weeklys set to expire tomorrow. Next Friday is a traditional options expiration. Let's get rolling with oil. Oil futures are trading below $50 per barrel this week. In weekly options for BP there are traders taking at-the-money positions at the 36 strike as the stock trades $36. Options contracts are considered expensive[...]

  • VIX | Blogging Options | Trader Talk | Jan 7, 2015, 12:00 PM

    CBOE Mid-Day Update 1.7.15

    CBOE Mid-Day Update 1.7.15

    Volatility as an asset class The 'Majors' option implied volatilities has increased as WTI Crude Oil futures trends below $48 Exxon Mobil (XOM) overall option implied volatility of 25 compares to its 26-week average of 18. BP (BP) overall option implied volatility of 31 compares to its 26-week average of 18. ConocoPhillips (COP) overall option implied volatility of 36 compares to its 26-week average of 20. Chevron (CVX) overall option implied volatility of 33 compares to its 26-week average[...]

  • VIX | Blogging Options | Trader Talk | Jan 6, 2015, 1:22 PM

    Blogging Options: CBOE Mid-Day Update 1.6.15

    Blogging Options: CBOE Mid-Day Update 1.6.15

    Markets turned lower mid-morning on continued weakness in oil prices.  DJIA off 175 points, S&P 500 (SPX) at ~1998, 10 points below 75-day Moving Average.  Option volume at mid-day was 11 mm contracts, SPX traded 600 K +, VIX Futures volume ~166 K.  10-year moves below 2%, NDX off 1.5%.  JPM off 3%,  AXP lower by 2.5%. Volatility as an asset class: Options: Technology stocks option implied volatility has increased as stocks sell off into International CES opening Nvidia[...]

  • Market News | VIX | Trader Talk | Futures | Jan 5, 2015, 5:08 PM

    Was Today's VIX Action Indicating Panic?

    Was Today's VIX Action Indicating Panic?

    While most people were watching the markets today I was running from meeting to meeting and only had a couple of chances to check out what was going on in the markets. Usually on days like this we can hear extra volume (not numerical, but audible) at The Options Institute as our offices are just above both the VIX and S&P 500 pits. I do not recall one time today hearing any outburst of activity from the floor. Once the day was over and I had a moment to check on the markets I was honestly surprised[...]

  • Another January Swoon In Store? - Weekly Market Outlook

    Another January Swoon In Store? - Weekly Market Outlook

    Barring a big move on Monday, the end of 2014 and the beginning of 2015 isn't going to be the beneficiary of a so-called Santa Claus rally.  The S&P 500 (SPX) (SPY) is now down 1.1% since the Christmas break, versus the average 1.8% gain we usually see during this period of the year. That, however, isn't the only market worry at this point.  More alarming is how much the last three months of 2014 looks like the last three months of 2013, which served as the basis for[...]

  • VIX | Blogging Options | Trader Talk | Jan 5, 2015, 12:00 PM

    CBOE Mid-Day Update 1.5.14

    CBOE Mid-Day Update 1.5.14

    Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is recently down 60c to $11.61 as WTI crude oil trades below $51.  January call option implied volatility is at 67, February is at 62; compared to its 26-week average of 27. Energy Select Sector SPDR (XLE) is recently down $3.39 to $76.14. January weekly call option implied volatility is at 41, January is 34, March is at 32; compared to its 26-week average of 21. ProShares Ultra DJ-UBS Crude Oil (UCO) is recently down[...]

  • VIX | Blogging Options | Trader Talk | Jan 5, 2015, 8:15 AM

    Blogging Options: CBOE Morning Update 1.5.15

    Blogging Options: CBOE Morning Update 1.5.15

    Parking lot full this morning, everyone getting back to work - and on time.  Asian stocks lower, shares in Europe off 1%+.  DAX leading shares down in Europe with bad economic news. Oil traded with a $50 handle this morning and the dollar (CAD & AUS tied to resources, Swiss tied to Euro) at a 6 year high. -1 degree on way in this morning.  VIX Futures active in pre-market session, up ~2.5%. SPY off 1.25.  Volatility as an asset class: Cempra (CEMP) is up $6.11 to $29 in the[...]

  • Market News | VIX | Trader Talk | Jan 2, 2015, 3:30 PM

    The Weekly Options News Roundup – 1/2/2015

    The Weekly Options News Roundup – 1/2/2015

    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. New Year, New Options? It’s January, the time when investors eagerly search for clues to help forecast the markets (and volatility!) for the new year.  So, what’s the outlook for 2015?  Some industry observers weigh in. “Outlook 2015: Options for the Long Haul” – Steve Sosnick,[...]

  • VIX | Blogging Options | Trader Talk | Jan 2, 2015, 1:00 PM

    Blogging Options: CBOE Mid-Day Update 1.2.15

    Blogging Options: CBOE Mid-Day Update 1.2.15

    ISM for December (55.5% versus 58.7% in Nov, 4th straight drop and lowest since June '13), disappointed traders and investors this morning, turning a firm opening into a light-volume sell off.  Construction Spending fell as well.  10-Year yield dropped to 2.12% after printing 2.102%. Oil and Grains off over 1%. GE, NKE & DIS lower, IBM, V & CELG higher.  Volatility as an asset class: S&P 500 Top Best Performers of 2014 have mixed option implied volatility Mallinckrodt (MNK)[...]