BOJ cranked up QE again, pushing overseas shares higher. Personal Income up 0.2% in September (+0.3$ August), Spending off 0.2%. Omega bids for AVIV shares. XOM earned $1.89 vs. $1.71, Chevron (CVX) reported a gain of $2.95 vs. $2.55. CVX revenues dropped $3.5B for the quarter, both companies helped with downstream (refining) as oil prices fell. XOM & CVX both higher in the premarket, and both are DJIA components. Halloween tonight, change your clocks (fall back) Saturday night. Volatility as an asset class:
LinkedIn (LNKD) is up $16.10 to $219 in the premarket on better than expected Q3 earnings and unique visiting members. October weekly call option implied volatility is at 174, November is at 58, December is at 49, January at 43; compared to its 26-week average of 46.
GoPro (GPRO) is up $10.72 to $79 on Q3 EPS 12c, compared to consensus 8c. Q3 revenue was $280M, compared to consensus $263M. October weekly call option implied volatility is at 189, November is at 78, December is at 67, January is at 55; compared to its 13-week average of 60.
Groupon (GRPN) is up $0.51 to $6.50 in the premarket after reporting a Q3 beat and guiding Q4 below analyst estimates. October weekly call option implied volatility is at 120, November is at 71, December is at 65, January is at 54; above its 26-week average of 60.
Options expected to be active @ CBOE: XOM CVX GRPO SBUX LNKD GPRO GLD
CBOE Crude Oil Volatility Index (OVX) at 30.45, compared to its 50-day moving average of 23.48 WTI Crude oil trades near $81. CBOE.com/OVX
CBOE S&P 500 Skew Index (SKEW) at 121.02, compared to its 50-day moving average of 129.82. SKEW measures the purchase of out-of-the-money S&P 500 Index puts that require a very large downside move to profit from long put positions. An increase of this index indicates greater expectations for an extreme down move.