Blogging Options: CBOE Morning Update

Volatility as an asset class;

Jabil Circuits (JBL) is trading slightly lower in the premarket after reporting Q4 EPS 54c, consensus 58c. Overall option implied volatility of 42 is above its 26-week average of 40.

Yahoo! (YHOO) is up 11c to $15.78 after naming Ken Goldman as Chief Financial Officer. Overall option implied volatility of 27 is below its 26-week average of 32.

IBM (IBM) is up 2c to $205 in the premarket after the company said CEO Virgina Rometty will take on the added title of chairman as Samuel J. Palmisano retires.

 
CBOE Volatility Index (VIX) closed at 15.43, closing above its 10-day moving average of 14.46 and below its 50-day MA of 15.95.
 
Calls with increasing volume at CBOE;

XLF 11/17/2012 15 21K contracts
 
SPY 9/28/2012 146 15K
 
WMB 1/19/2013 40 K14
 
SPY 10/20/2012 145 13K
 
PFE 12/22/2012 26 11K
 
AAPL 9/28/2012 690 10K
 
TBT 10/20/2012 17 10K

U.S. stocks are mixed to lower after SPDR S&P 500 ETF (SPY) sold off 1.1% on September 25, the largest sell off since June 25. Asian stocks lower, Nikkei off 2%. FTSE off 1.25% – the best performer this morning in Europe. Pictures of rioting in Greece could be disturbing to investors this morning.

No Comments
CBOE

cboe.com

Chicago Board Options Exchange (CBOE), 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.