Blogging Options: CBOE Morning Update

Volatility as an asset class

Dick’s Sporting (DKS) is recently down $3.60 to $47.02 after the sporting goods retailer reported Q4 EPS $1.03, consensus $1.06. Overall option implied volatility of 37 is above its 26-week average of 29.

Google (GOOG) is trading at 836.15, up 4.63, as its price target was raised to $950 from $840 at RBC Capital. Overall option implied volatility of 22 is below its 26-week average of 25.

Market Vectors Gold Miners Fund (GDX) is flat an hour into the trading day at $37.11 as gold recently trades up 0.11% to $1,578. Overall option implied volatility of 28 is below its 26-week average of 31.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at $29.60, above its 50-day moving average of $28.37.

CBOE S&P 500 BuyWrite Index (BXM) closed at $938.80; Currently at 937.75, above its 10-day moving average of 928.14 and its 50-day moving average of 920.70. www.cboe.com/BXM

CBOE Volatility Index (VIX) is off 0.38 at 12.21, below its 10-day moving average of 14.81, and its 50-day moving average of 14.25.

US markets all off slightly on concerns of slowing Chinese economic growth.

Calls with increasing volume at CBOE Friday:

SPY 3/16/2013 156 32K contracts
BAC 3/16/2013 12 15K
AAPL 3/8/2013 435 13K

Puts with increasing volume at CBOE:

SPY 9/21/2013 130 55K contracts
IWM 3/28/2013 89 17K
AAPL 3/8/2013 430 14K