Blogging Options: CBOE Mid-day Update

Volatility as an asset class

DeVry (DV) is recently up $5.20 to $31.32 after the for profit educator reported improvements in enrollment trends as new students rose 5.6% from the year earlier. February call option implied volatility is at 49, March is at 41, May is at 42; compared to its 26-week average of 52.
 
Sprint (S) is recently down 5c to $5.72 after reporting total wireless subscriber losses of 337K. March call option implied volatility is at 26, April is at 24, May is at 20; below its 26-week average of 41.
 
Ann Inc. (ANN) is recently down $2.04 to $30.75 after the woman’s clothing retailer warned that its Q4 sales and gross margins will be weaker than expected. February call option implied volatility is at 34, March is at 44, June is at 39; compared to its 26-week average of 39.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 3.25 to 1226.70, above its 50-day moving average of 1192.97 www.cboe.com/BXY

CBOE Volatility Index (VIX) is recently up 87c to 14.28. VIX February 14 and 20 calls are active on total option volume of 179K contacts at the CBOE.

S&P 100 Options (OEX) is recently down 4.82 to $676.26 on European Central Bank president Mario Draghi comments and earnings reports.