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  • Blogging Options | Mar 31, 2015, 7:50 AM

    Blogging Options: CBOE Morning Update 3.31.15

    Blogging Options: CBOE Morning Update 3.31.15

    Oil down ~$1 and European shares lower (FTSE -1.5%, DAX off 1%) set the tone for the last trading day of the quarter.  Lots of economic data early this morning.  Case-Shiller  before the opening, then Chicago PMI and Consumer Confidence.  VIX with modest futures trading in early session.  Volatility as an asset class Conn's (CONN) is down $0.79 to $27.88 in the preopen after the furniture retailer reported Q4 profit fell 44% on a 18% increase in revenue. April call option[...]

  • VIX | Blogging Options | Trader Talk | Mar 30, 2015, 11:47 AM

    CBOE Mid-Day Update 3.30.15

    CBOE Mid-Day Update 3.30.15

    Volatility as an asset class Auto Manufacturer’s Option Implied Volatility flat into the start of the New York Auto Show Tesla (TSLA) is recently down $2 to $183.06. Over all option implied volatility of 42 compares to its 26-week average of 45. Ford (F) is recently up 24c to $16.22. Over all option implied volatility of 21 compares to its 26-week average of 24. Honda Motor Co (HMC) is recently up 17c to $33.63. Over all option implied volatility of 20 compares to its 26-week average of 22. General[...]

  • Market News | Mar 30, 2015, 8:00 AM

    Blogging Options CBOE Morning Update 3.30.15

    Blogging Options  CBOE Morning Update 3.30.15

    Average option volume day on Friday  with 13.3mm contracts trading.  SPX had 890K trade, VIX had volume of 350K and VIX Futures came in with 120K trading.  Traders watching Iran negotiations, European shares higher.  March Spending up 0.1%, Personal Income higher by 0.4% (Spending a slight miss, Income a beat).   MSG to split into two companies.  End of Quarter tomorrow, Friday a trading holiday and March Jobs report will be released Friday morning.  Good NCAA Tourney[...]

  • Market News | VIX | Trader Talk | Mar 27, 2015, 3:37 PM

    The Weekly Options News Roundup – 3/27/2015

    The Weekly Options News Roundup – 3/27/2015

    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. CBOE Product Innovation Earlier in the month, CBOE held its annual Risk Management Conference in Carlsbad, California, where more than 300 industry professionals gathered to discuss all things VIX.  EQDerivatives’s Peter Thompson caught up with CBOE’s President and COO, Edward Provost to discuss CBOE’s[...]

  • Market News | Blogging Options | Trader Talk | Mar 27, 2015, 8:08 AM

    Blogging Options: CBOE Morning Update 3.27.15

    Blogging Options: CBOE Morning Update 3.27.15

    Q4 GDP Final showed a 2.2% increase, less than the 2.4% consensus.  Q1 GDP first estimate due in five weeks, early consensus shows a drop to 1.5% rise.  Oil fell overnight as mid-east war did not escalate, Dollar higher.  DOW with spinoff, EMC downgraded.  Overseas markets mixed with NIKKEI closing down ~1%.  U of M Sentiment due 30-minutes into trading day.  Good games last night in NCAA Tourney. Volatility as an asset class: BlackBerry (BBRY) closed at $9.30 into reporting[...]

  • VIX | Blogging Options | Trader Talk | Mar 26, 2015, 12:00 PM

    CBOE Mid-Day Update 3.26.15

    CBOE Mid-Day Update 3.26.15

    Volatility as an asset class Accenture (ACN) is recently up $6.21 to $94.42 after the consulting company raised its growth target.  April weekly call option implied volatility is at 23, April is at 15, May is at 16, August is at 17; compared to its 26-week average of 19. Five Below (FIVE) is recently up $3.81 to $36.02 after the teen focused retailer reported Q4 profit rose 34% and plans to continue its rapid expansion. April call option implied volatility is at 36, May and August is at 35;[...]

  • Blogging Options | Mar 26, 2015, 8:24 AM

    Blogging Options: CBOE Morning Update 3.26.15

    Blogging Options: CBOE Morning Update 3.26.15

    Overseas markets leading stocks lower again today (European shares retreat ~1.4%), as Saudi Arabia sends troops into Yemen.  Oil prices jumped, Bond yields higher.  Several big spreads in VIX Options yesterday.  Volatility as an asset class: lululemon (LULU) is down $0.66 to $61 (big range in the pre-market) after reported Q4 EPS of $0.78, $0.05 better than the analyst estimates. Revenue for the quarter came in at $602M versus the consensus estimate of $601M. March weekly call option[...]

  • Market News | Mar 25, 2015, 12:12 PM

    CBOE Mid-Day Update 3.25.15

    CBOE Mid-Day Update 3.25.15

    Volatility as an asset class Kraft (KRFT) is recently up $23.66 to $84.97 on privately held H.J. Heinz Company announcing the purchase of Kraft. Heinz shareholders will own a 51% stake in a combined company, while Kraft shareholders will hold a 49% stake and receive a special cash dividend of $16.50 per share. April option implied volatility is at 29, May is at 25; compared to its 52-week average of 16. Peer April option implied volatility on Heinz merger agreement Campbell Soup (CPB) is recently[...]

  • Market News | Blogging Options | Trader Talk | Mar 25, 2015, 8:02 AM

    Blogging Options: CBOE Morning update 3.25.15

    Blogging Options: CBOE Morning update 3.25.15

    Chicago (Northfield) based Kraft joins Warren Buffett's conglomerate, see below.  "Synergies" = possible layoffs, we'll see.  February Durables drop 1.4%, +0.2% expected.  Most of the components looked awful.  January Durable Goods revised sharply lower. Relationship to positive Housing Starts yesterday and revised Q1 GDP will be discussed on trading desks today.  10-year 1.86%.  Volatility as an asset class Kraft Foods (KRFT) is up $18.60 to $80 in the preopen[...]

  • Market News | Mar 24, 2015, 12:00 PM

    CBOE Mid-Day Update 3.24.15

    CBOE Mid-Day Update 3.24.15

    Volatility as an asset class Twitter (TWTR) is recently up $2.40 to $50.87 after shares traded at a new recent high of $51.09. March weekly call option implied volatility is at 48, April is at 38, May is at 51, June is at 42, September is at 41; compared to its 26-week average of 53. Netflix (NFLX) is recently up $15.09 to $440 after Cantor Fitzgerald raised his price target on shares of Netflix to $500 from $450 saying the streaming service is the "clear winner" as TV unbundles. March[...]

  • Blogging Options | Trader Talk | Mar 24, 2015, 8:05 AM

    Blogging Options: CBOE Morning Update 3.24.15

    Blogging Options: CBOE Morning Update 3.24.15

    Stocks look flat on the opening, as CPI and Core Rate each rise 0.2%.  McCormick (MKC) beat estimates, looks to open higher by 4%. NFLX could help NASDAQ.  Overseas markets modestly higher.  10-year 1.904. Housing numbers released after the opening, expected higher. Volatility as an asset class: Chesapeake (CHK) is up $0.44 to $14.55 in the preopen on Carl Icahn disclosing an increased stake in the company to 73M shares (10.98%), up from 66M shares (9.98%) in December. March weekly[...]

  • VIX | Blogging Options | Trader Talk | Mar 23, 2015, 11:58 AM

    CBOE Mid-Day Update 3.23.15

    CBOE Mid-Day Update 3.23.15

    Volatility as an asset class Pfizer (PFE) is recently up 95c to $35.22, fresh ten year high, after a Jefferies analyst wrote that the company's shares are poised to rise significantly over the next one to two years.  Overall option implied volatility of 16 compares to its 26-week average of 17. NVIDIA (NVDA) is recently down 65c to $22.02 on Goldman’s downgrade to Sell with a $20 price target. The firm believes the market under-appreciates the risk of the Intel (INTC) license not being[...]

  • Blogging Options | Trader Talk | Mar 23, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 3.23.15

    Blogging Options: CBOE Morning Update 3.23.15

    Stocks bouncing around unchanged this morning, as 3" of snow greet Chicago commuters.  Oil prices down again, but be aware that front month crude changes months today.  Biogen downgraded before opening. NCAA tourney gets high marks for exciting games this past weekend. Volatility as an asset class: Global X FTSE Greece 20 ETF (GREK) closed at $10.75 into meeting between the leaders of Greece and Germany to resolve debt issues. Overall option implied volatility of 68 compares to its[...]

  • Market News | VIX | Trader Talk | Mar 20, 2015, 3:50 PM

    The Weekly Options News Roundup – 3/20/2015

    The Weekly Options News Roundup – 3/20/2015

    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. Gail Osten: A Life and Legacy It is with deepest regret that we share the passing of our friend and colleague, Gail Osten.  Gail was Director of Corporate Communications at CBOE the past seven years.  Her time at CBOE capped off a distinguished career in the exchange industry as described in the attached lead[...]

  • VIX | Blogging Options | Trader Talk | Mar 20, 2015, 12:00 PM

    CBOE Mid-Day Update 3.20.15

    CBOE Mid-Day Update 3.20.15

    Volatility as an asset class KB Home (KBH) is recently up 99c to $15.06 on better than expected Q1 results and sees sequential margin improvement in remaining 2015 quarters. April call option implied volatility is at 96, April is at 43, July is at 37; compared to its 26-week average of 35. Starbucks (SBUX) is recently up 43c to $98.17 after shares traded at fresh life high of $98.90. March weekly call option implied volatility is at 19, April is at 24, May is at 20, July is at 19; compared to its[...]

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