Blogging Options: CBOE Mid-day Update

Volatility as an asset class

American Eagle (AEO) is recently down $2.42 to $20.13 after the retailer sees Q1 EPS 16c-19c, compared to consensus 25c. March call option implied volatility is at 30, April is at 31, May is at 32; compared to its 26-week average of 34.

First Solar(FSLR) is recently up $1.14 to $26.24 on an upgrade to Market Perform from Underperform at Raymond James. March call option implied volatility is at 55, April is at 54, May is at 57; compared to its 26-week average of 62.

Honeywell (HON) is recently up 52c to $71.20 after repeating a view of FY13 EPS $4.75-$4.95, compared to consensus $4.94. March call option implied volatility is at 17, April is at 16, June is at 15; compared to its 26-week average of 21.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up 55c to 1252.35, above its 50-day moving average of 1215.36. www.cboe.com/BXY

Active options at CBOE: AAPL C GOOG YHOO VOD PBR MRK VZ JCP HPQ.

CBOE Volatility Index (VIX) is recently up 14c to 13.62. VIX April 18 and 28 calls are active on total option volume of 380K contacts at the CBOE.

S&P 100 Options (OEX) is recently up 12c to $693.42 on signs of improvement in the U.S. labor market.