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Cboe Blog

Cboe Global Markets, the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education.

  • Market News | Trader Talk | Education | Jan 22, 2015, 1:00 PM

    Weekly Weekly's for 1.22.15

    Weekly Weekly's for 1.22.15

    Traders are jumping into weekly options to trade upcoming earnings. I'm Angela Miles covering weekly options expiring this Friday and next Friday. // Starbucks (SBUX) turns in earnings after the close. The straddle at the 81 strike is pricing in about a 3% move up or down. Last year, the market suggested a 5% move off of earnings. There more upside calls than downside puts trading in the early going with an emphasis on the[...]

  • VIX | Blogging Options | Trader Talk | Jan 22, 2015, 12:00 PM

    CBOE Mid-Day Update 1.22.15

    CBOE Mid-Day Update 1.22.15

    Volatility as an asset class United Continental (UAL) is recently up $2.37 to $71.54 on the airliner sees generating 'far better' results in 2015. February call option implied volatility is at 45, March is at 43; compared to its 26-week average of 44. Southwest (LUV) is recently up $2.55 to $44.36 on seeing Q1 passenger revenue to grow in line with expected 6% increase. February call option implied volatility is at 34, March is at 33, June at 34; compared to its 26-week average of 31. Alaska Air[...]

  • Blogging Options | Jan 22, 2015, 8:50 AM

    Blogging Options: CBOE Morning Update 1.22.15

    Blogging Options: CBOE Morning Update 1.22.15

    US stocks with premarket euphoria but "sell the news" give back gains.  ECB announced $60B (Euro) Bond purchase per month for next ~20 months.  Euro down 1.25% vs the USD, now at 1.147. All Euro currencies lower except Swiss which is unchanged.   Weekly Jobless Claims above 300K again. VZ off 2% on earnings.  VIX lower. Volatility as an asset class eBay (EBAY) is up $1.82 to $55.20 following Q4 results and guidance. January weekly call option implied volatility[...]

  • VIX | Blogging Options | Trader Talk | Jan 21, 2015, 12:31 PM

    CBOE Mid-Day Update 1.21.15

    CBOE Mid-Day Update 1.21.15

    Volatility as an asset class UnitedHealth (UNH) is recently up $2.55 to $108.19 as Q4 results top expectations on revenue growth.  January weekly call option implied volatility is at 29, February is at 20, June is at 20; compared to its 26-week average of 22. Apple (AAPL) is recently up $1.86 to $110.58 into its expected release Q1 results next week. January weekly call option implied volatility is at 35, February is at 34, March is at 31; compared to its 26-week average of 26. Amazon.com January[...]

  • Blogging Options | Jan 21, 2015, 8:00 AM

    Blogging Options: CBOE Morning Update 1.21.15

    Blogging Options: CBOE Morning Update 1.21.15

    State of The Union with no surprises last night.  US Housing in the news this morning with Dec. Starts rising 4% but Permits dropping 1.9%. Overseas markets mixed with NIKKEI off 0.5%, FTSE up 0.6% and Shanghai higher by 4%.  10-Year 1.78%.  Average option volume yesterday with~15 m contracts traded.  VIX & SPX showed 640 K & 893 K respectively.  VIX Jan settlement this morning.  Waiting for ECB tomorrow.  Volatility as an asset class: IBM (IBM) is down[...]

  • Market News | VIX | Blogging Options | Jan 20, 2015, 12:00 PM

    Blogging Options: CBOE Mid-Day Update 1.20.15

    Blogging Options: CBOE Mid-Day Update 1.20.15

    Markets turn South on earnings and oil.  Gold higher.  Volatility as an asset class Johnson & Johnson (JNJ) is  down $3.47 to $100.56 after announcing less than expected Q4 sales results. January weekly call option implied volatility is at 29, February is at 18, April is at 16; compared to its 26-week average of 15. Baker Hughes (BHI) is flat at $56.54 after reporting Q4 adj. EPS $1.44, compared to consensus $1.07. February call option implied volatility is at 26, March is at 31;[...]

  • Market News | Blogging Options | Trader Talk | Jan 20, 2015, 8:00 AM

    Blogging Options: CBOE Morning Update 1.20.15

    Blogging Options: CBOE Morning Update 1.20.15

    Mixed signals overnight but US Stock futures in the green.  The IMF is expecting 3.5% and 3.7% world growth in 2015 and 2016, both 0.3% lower than the previous estimate. China released several economic numbers in the last 48 hours, overall fairly soft.  US Treasury with record revenues in 2014, but President will propose new higher taxes to help the "middle class" in tonight's State of the Union address, Congress will not go along with most of his suggestions.   I'll watch[...]

  • Market News | VIX | Trader Talk | Jan 16, 2015, 3:05 PM

    The Weekly Options News Roundup – 1/16/2015

    The Weekly Options News Roundup – 1/16/2015

    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 is a Products Company” Building off of a successful 2014, CBOE looks to continue expanding its volatility and index product lines in the coming year.  CBOE has tapped into the interest rate and foreign exchange spaces with new volatility indexes, while it recently announced a tie-up with MSCI[...]

  • VIX | Blogging Options | Trader Talk | Jan 16, 2015, 12:44 PM

    CBOE Mid-Day Update 1.16.15

    CBOE Mid-Day Update 1.16.15

    Volatility as an asset class PNC Financial (PNC) is recently up $1.49 to $83.90 after reporting Q4 EPS $1.84, compared to consensus $1.74. February call option implied volatility is at 22, May is at 19; compared to its 26-week average of 18. Comerica (CMA) is recently up 51c to $41.74 after reporting Q4 EPS 80c, compared to consensus 77c. February call option implied volatility is at 30, April is at 28; compared to its 26-week average of 22. SunTrust (STI) is recently up $1.33 to $38.04 after reporting[...]

  • Market News | Blogging Options | Jan 16, 2015, 7:57 AM

    Blogging Options: CBOE Morning Update 1.16.15

    Blogging Options: CBOE Morning Update 1.16.15

    December CPI off 0.4% (consensus -0.3%.  Energy contributed -4% to this drop).  X-Food & Energy rose 1.6% (+1.75 expected).   Industrial production fell 0.1% in December.  Markets still weighing Swiss bank move with US futures lower.  A trader tells us that Implied Volatility on the Swiss Franc going into yesterday's session was under 2%!  The perils of being short Vol!  Option Expiration this afternoon, bond traders with early hours today. Markets closed[...]

  • VIX | Blogging Options | Trader Talk | Jan 15, 2015, 12:43 PM

    CBOE Mid-Day Update 1.15.15

    CBOE Mid-Day Update 1.15.15

    Volatility as an asset class Citi (C) is recently down $1.24 to $47.83 on the money center sees FY15 revenue growth for Citicorp in low to mid-single digit percentage.  January weekly call option implied volatility is at 31, February is at 27, March is at 26; compared to its 26-week average of 22. Lennar (LEN) is recently down $3.40 to $42.37 on the home builder says it’s still in early stages of 'protracted, slow growth' housing recovery. February call option implied volatility is at[...]

  • Market News | Jan 15, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 1.15.15

    Blogging Options: CBOE Morning Update 1.15.15

    Swiss National Bank unattached from the Euro and European stock & Currency markets are wild this morning.  Unclear what the impact on US markets will be, talking heads on business channels may be talking their position - the more outraged they are the shorter the Swiss they may be.  Weekly claims made a surprising jump to 316K, highest level in seven months.   Wholesale Prices dropped 0.3%, but the Core Rate (less Food & Energy) jumped 0.3%.  Oil prices continue yesterday's[...]

  • VIX | Blogging Options | Trader Talk | Jan 14, 2015, 11:47 AM

    CBOE Mid-Day Update 1.14.15

    CBOE Mid-Day Update 1.14.15

    Volatility as an asset class JPMorgan (JPM) is down $2.54 to $56.29 after reporting Q4 EPS $1.19, consensus $1.31. January call option implied volatility is at 29, February is at 24, April is at 23, June is at 22; compared to its 26-week average of 19. Wells Fargo (WFC) is off 79c to $51.06 after reporting in line Q4 EPS of $1.02.  January call option implied volatility is at 23, February and April is at 20; compared to its 26-week average of 18. General Motors (GM), down 3% after giving 2015[...]

  • Market News | VIX | Blogging Options | Trader Talk | Jan 14, 2015, 7:55 AM

    Blogging Options: CBOE Morning Update 1.14.15

    Blogging Options: CBOE Morning Update 1.14.15

    JP Morgan off over $1 on missing top and bottom line estimates.  Overseas news started stocks lower with Italian Premier resigning, the Euro falling to a multi-year low and copper prices collapsing.  US December Retail Sales, estimated to benefit with falling oil prices, fell 0.9% (sharpest drop in 2 1/2 years) X-Autos and Oil Sales fell 0.4%.  10-year trades 1.79%.   GPRO, hammered yesterday, stabilizes above $50 after AAPL enters remote camera market. ~32 K VIX Futures trade[...]

  • VIX | Blogging Options | Trader Talk | Jan 13, 2015, 11:49 AM

    CBOE Mid-Day Update 1.13.15

    CBOE Mid-Day Update 1.13.15

    Volatility as an asset class Costco (COST) is recently up 62c to $143.17 after Goldman Sachs downgraded citing the recent valuation expansion and its belief the retailer’s earnings momentum is close to peaking.  January call option implied volatility is at 17, February is at 16, July is at 15; compared to its 26-week average of 16. Monster Beverage (MNST) is recently up $3.97 to $115.93 after Stifel raised its price target on the stock and Wells Fargo downgraded the shares to Market Perform[...]