Blogging Options: CBOE Morning Update

Volatility as an asset class

Global markets are sharply lower as traders react to the FOMC statement of "significant downside risks" to the economy. Volatility is expected to increase as oil, copper, silver and gold trade lower.
 
 
VIX methodology for iShares MSCI Emerging Markets Index Fund-VXEEM closed at 46.73; above 50-day moving average of 38.57.
 
VIX methodology for iShares Trust FTSE China 25 Index Fund-VXFXI closed at 45.34; above 50-day moving average of 36.38.
 
VIX methodology for iShares MSCI Brazil Index Fund- VXEWZ closed at 40.81; above 50-day moving average of 39.14.
 
VIX methodology for Market Vectors Gold Miners Fund-VXGDX closed at 40.18; above 50-day moving average of 39.15.
 
VIX methodology for iShares Silver Trust- VXSLV closed at 45.25; above 50-day moving average of 47.55.
 
VIX methodology for Energy Select Sector SPDR-VXXLE closed at 44.66; above 50-day moving average of 38.01.
 
 

CBOE significant call volume increases
 
BAC 9/23/2011 7.0000 12K contracts
CSCO 10/22/2011 17.0000 8K
QCOM 10/22/2011 55.0000 5K
RIMM 10/22/2011 23.0000 5K
HPQ 10/22/2011 25.0000 5K
AAPL 9/23/2011 420.0000 4K
1HPQ 11/19/2011 29.0000 4K


Europe down, US markets down again.