Blogging Options: CBOE Morning Update

Volatility as an asset class

Facebook com (FB) is down $1.64 to $29.55 in the premarket after reporting Q4 profits declined 79%. February call option implied volatility is at 60, March is at 52; compared to its 26-week average of 55.

Qualcomm (QCOM) is up $4.00 to $67.53 in the premarket after the chip maker reported Q1 profit increased 36%. February weekly call option implied volatility is at 59, February is at 30, March is at 26, April is at 24; compared to its 26-week average of 27.

Whirlpool (WHR) is up $1.58 to $110.30 in the premarket on the company seeing FY13 adjusted EPS $9.25-$9.75, compared to consensus $9.17. Overall option implied volatility of 38 is near its 26-week average of 36.

CBOE Volatility Index-VIX closed at 14.32, above its 10-day moving average of 13.11, and its 50-day moving average of 15.42.

SPDR S&P 500 ETF Trust (SPY) is recently down 20c to 149.87 in the premarket into the largest January rally since 1989.

Calls with increasing volume at CBOE;

SPY 3/28/2013 155 25K contracts
JPM 6/22/2013 45 16K
FB 2/1/2013 34 8K
DELL 3/16/2013 14 7K
IWM 3/16/2013 90 6K
FB 2/16/2013 33 6K
QQQ 2/1/2013 68 5K

December Income up 2.6%, Spending up 0.2%. Initial Jobless Claims rise 30k to 368k.