Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Polo Ralph Lauren (RL) is recently up $12.74 to $177.65 on better than expected Q3 expense control and international sales growth. February call option implied volatility is at 26, March and April is at 25; below its 26-week average of 32.

Chipotle Mexican Grill (CMG) is recently up $17.87 to $322.81 after the burrito chain reported Q4 profit increase of 6.8%.
February call option implied volatility is at 29, March is at 27, and June is at 29; below its 26-week average of 36.

Aflac (AFL) is recently down $2.29 to $51.19 after the insurer reported less than expected Q4 revenue. February call option implied volatility is at 22, March is at 18, May is at 19; below its 26-week average of 24.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) @ 1228.55, above 50-day moving average of 1191.77. www.cboe.com/BXY

CBOE Volatility Index (VIX) is recently down 5c to 13.67. VIX February 19 and May 21 calls are active on total option volume of 196K contacts at the CBOE.

S&P 100 Options (OEX) is recently up 16c to $681.32 at midday as Apple (AAPL) and Netflix (NFLX) rally.