Blogging Options: CBOE Morning Update

Good morning from Chicago.

Ann Inc. (ANN) is up $1.05 to $30.05 in the premarket on better than expected Q4 EPS of 5c and the company seeing Q1 revenue of $600M, compared to consensus $593.31M. Overall option implied volatility of 65 is above its 26-week average of 38.

H&R Block (HRB) closed at $24.98 after the tax-services provider reported Q3 loss widened as a delay to the start of the U.S. tax season affected revenue. Overall option implied volatility of 28 is below its 26-week average of 34.

Pandora (P) is higher by $2.91 to $14.64 in the premarket after the Internet radio company reported improving monetization of mobile listenership and revenue topping analyst expectations. CEO also retiring. Overall option implied volatility of 84 is above its 26-week average of 73.
 
CBOE S&P 500 BuyWrite Index (BXM) closed at $936.31; above its 10-day moving average of 926.82 and its 50-day moving average of 919.97. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 13.06, below its 10-day moving average of 14.96, and 50-day moving average of 14.37.

SPDR S&P 500 ETF Trust (SPY) is recently up 39c to 155.16 a day after the Dow Jones (DJX) closed at a record high into today’s February employment report.

Calls with increasing volume at CBOE:
XLF 3/28/2013 18.5 77K
BAC 4/20/2013 13 63K
XLF 5/18/2013 19 52K
 
Puts with increasing volume at CBOE:
VXX 4/20/2013 19 25K contracts
XLF 3/28/2013 18 25K
SPY 3/16/2013 152 17K
IWM 4/20/2013 82 14K
VXX 4/20/2013 21 12K
BAC 3/8/2013 12 10K

 

Feb Non-Farm Payrolls jumped by 236k (lots of estimates in the 160k to 185k range). January jobs adjusted lower from 157k down to 119k. Jan Unemployment Rate dropped to 7.7% (7.9% Jan), lower than expected. US Stock Futures higher after the Dow Jones (DJX) closed at a record high yesterday. McDonalds sales off due to calendar issues, but better than expected # has the shares up $1.65 to $98.74.