Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Foot Locker (FL) is recently down $2.18 to $33.13 after the athletic-gear retailer reported less than expected earnings. March put option implied volatility is at 27, April is at 24, May is at 27, August is at 31; compared to its 26-week average of 30.

Cooper Cos. (COO) is recently up $4.13 to $108.83 after the contact lens company reported a profit increase of 37%. April call option implied volatility is at 17, May is at 18, August is at 19.

Texas Instruments (TXN) is recently down 21c to $34.99 after the chip company raised the midpoint of its Q1 2013 revenue and earnings guidance.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up $3 to 1258, above its 50-day moving average of 1218. www.cboe.com/BXY

Active options at CBOE: AAPL BAC GS C DELL P STZ GOOG AMZN NFLX

CBOE Volatility Index (VIX) is recently down 53c to 12.53. VIX April 16 and 17 calls are active on total option volume of 388K contacts at the CBOE.

S&P 100 Options (OEX) is recently up $1.40 to $697.22 on February payrolls rising 238K, beating expectations of 160K jobs.