Blogging Options: CBOE Morning Update

Volatility as an asset class

Wal-Mart (WMT) is up $0.65 to $69.80 after the retailer seeing FY14 EPS $5.20-$5.40, compared to consensus $5.37.
Overall option implied volatility of 16 is near its 26-week average of 16.

Chesapeake (CHK) is up 0.37 to $20.60 after the natural gas and oil driller reported Q4 adjusted EPS 26c, consensus 14c. Overall option implied volatility of 55 is above its 26-week average of 42.

Tesla Motors (TSLA) is down $3.04 to $35.50 after the electric car maker reported a wider than expected Q4 loss. Overall option implied volatility of 51 is above its 26-week average of 46.

CBOE S&P 500 BuyWrite Index (BXM) closed at $922.38; above its 50-day moving average of 914.94. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 14.68, above its 10-day moving average of 13.06, and near 50-day moving average is 14.71.

Calls with increasing volume at CBOE:

SPY 2/22/2013 153 29K contracts
STZ 7/20/2013 40 22K
VXX 3/16/2013 21 13K
CX 7/20/2013 13 11K
OMX 8/17/2013 11 8K
BAC 3/16/2013 13 8K 

SPDR S&P 500 ETF Trust (SPY) is recently down 60c to 150.74 after its largest decline in three-months. 

January CPI unchanged (Dec unchanged as well), Core Rate (less Food & Energy) up 0.3% (+0.1% Dec)

Weekly Jobless Claims 362k – up 20k