Blogging Options: CBOE Morning Update

Volatility as an asset class

Humana (HUM) closed at $75.34 into reporting its 2012 profit meeting expectations and backing FY13 EPS $7.60-$7.80, consensus $7.89. February put option implied volatility is at 32, March and May is at 26; compared its 26-week average of 31.

Apple (AAPL) is off $3.52 to $450 in the premarket. Overall option implied volatility of 27 is below its 26-week average of 33.

VIX methodology for Apple (VXAPL) at 27.32; below its 50-day moving average of 37.57.

CBOE Volatility Index-VIX closed at 12.90, below its 10-day moving average of 13.12, and its 50-day moving average is 15.33.

Calls with increasing volume at CBOE;

SPY 2/1/2013 151 62K contracts
EEM 3/16/2013 46 37K
SPY 2/16/2013 154 20K
XLF 3/16/2013 18 19K
BAC 2/16/2013 12 18K
AAPL 2/1/2013 455 17K
STZ 7/20/2013 40 12K

SPDR S&P 500 ETF Trust (SPY) is recently down $0.84 to 150.40 in the premarket as the market trades near five-year highs. Chevron downgraded by UBS. If RIMM doesn’t work on your brokers website, try the symbol BBRY. Will Ravens win / Superbowl Theory have stocks lower by year-end? European stocks lower.