Blogging Options: CBOE Morning Update

Volatility as an asset class

SPDR Gold Trust (GLD) overall implied volatility at 13; 26-week average is 17 as gold trades at the low end of its four-month range.
 
iShares Silver Trust (SLV) overall implied volatility at 26; 26-week average is 28 as silver trades near the low end of its four-month range.

NASDAQ 100 (QQQ) overall implied volatility at 21; 26-week average is 19 as the Q’s trade near one-month lows.

Russell 2000 (IWM) overall implied volatility at 21; 26-week average is 21. 

Financial Select Sector (XLF) overall volatility at 19, 26-week average is 21.

CBOE Volatility Index (VIX) closed at 19.48, above its 10-day moving average of 17.23, and its 50-day moving average is 16.87.

Calls with increasing volume at CBOE;

SPY 12/19/2015 145 45K contracts

BAC 12/28/2012 11.5 13K

EWZ 1/19/2013 57 8K

FXI 1/18/2014 40 8K

S&P Futures up $1.80, DJIA futures up 12 points in the premarket midday as optimism builds for additional fiscal cliff negotiating progress. Weekly Initial Jobless dropped 12 k. Consumer Confidence later today.