Blogging Options: CBOE Morning Update

U.S. equity futures are indicated sharply higher as global banks announced a coordinated response to improve liquidity and China’s central bank lowered its bank reserve ratio.

Volatility as an asset class
 
MSCI Emerging Markets Index (EEM) is recently up 4.3% in pre-open trading.
 
VIX methodology for iShares MSCI Emerging Markets Index Fund (VXEEM) of 42.68 is below its 50-day moving average of to 47.66.
 

iShares Trust FTSE/Xinhua China 25 Fund (FXI) is recently up 5.3% in pre-open trading.
 
VIX methodology for iShares Trust FTSE China 25 Index Fund (VXFXI) of 42.02 is below its 50-day moving average of to 46.95.
 

MSCI Brazil Index (EWZ) is recently up 3.9% in pre-open trading.
 
VIX methodology for iShares MSCI Brazil Index Fund (VXEWZ) of 44.54 is below its 50-day moving average of to 46.74.
 
 
CBOE significant call volume increases;
 
LOW 1/19/2013 30 22K contracts
BAC 1/21/2012 6 18K
WFC 1/21/2012 26 12K
NGD 1/21/2012 10 8K
KOG 3/17/2012 7.5 6K
AA 4/21/2012 10 5K
C 5/19/2012 34 5K
KOG 3/17/2012 2.5 5K
CMC 1/21/2012 15 5K

3Q Productivity revised lower to +2.3%, close to expectations. ADP Payroll number over 200k for Nov.