Blogging Options: CBOE Mid-day Update

Volatility as an asset class

Chinese online media company’s option implied volatility low

DangDang (DANG) overall option implied volatility of 56 is below its 26-week average of 62.

Youku.com (YOKU) overall option implied volatility of 52 is below its 26-week average of 60.

Qihoo360 (QIHU) overall option implied volatility of 48 is below its 26-week average of 52.

Baidu.com (BIDU) overall option implied volatility of 35 is below its 26-week average of 40.

SINA (SINA) overall option implied volatility of 41 is below its 26-week average of 47.

Sohu.com (SOHU) overall option implied volatility of 35 is below its 26-week average of 38.

NetEase.com (NTES) overall option implied volatility of 30 is below its 26-week average of 39.

Perfect World (PWRD) overall option implied volatility of 33 is below its 26-week average of 40.

Changyou.com (CYOU) overall option implied volatility of 43 is below its 26-week average of 46.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently up $2.50 to 1266.95, above its 50-day moving average of 1226.49.

Active options at CBOE: AAPL MGM NFLX C BAC CLF ABX SD CLF GOOG

CBOE Volatility Index (VIX) is recently down 29c to 11.54. VIX March 13 and 14 puts are active on total option volume of 208K contacts at the CBOE.

S&P 100 Options (OEX) is recently up $3.02 to $701.62 after February jobless claims declined on hopes for an acceleration of the labor markets.