Blogging Options: CBOE Mid-day Update

Volatility as an asset class

JA Solar (JASO) is recently down 53c to $3.62 after the Chinese solar-products maker’s revenue missed analyst views. April call option implied volatility is at 75, May and June is at 80; compared to its 26-week average of 77.

Blackberry (BBRY) is recently down 53c to $14.38 after being downgraded to Neutral from Buy at Goldman Sachs into the release of Q4 results on March 28. March weekly call option implied volatility is at 169, April is at 94, May is at 84; above its 26-week average of 70.

Best Buy (BBY) is recently up 49c to $23.28 after the retailer announced founder Richard Schulze is returning as Chairman Emeritus. April call option implied volatility is at 44, May is at 41, June is at 43; below its 26-week average of 56.

Mini-options trading at CBOE; AAPL7, AMZN7, GOOG7, GLD7 and SPY7. cboe.com/minis.

Apple mini-options (AAPL7) March weekly March 460 and 465 calls are active at CBOE.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) is recently down 3.15 to 1265.50, near 10-day MA of 1265.76, above its 50-day moving average of 1235.80. www.cboe.com/BXY

Active options at CBOE: AAPL BAC GOOG CLF LVS DELL HPQ BBRY F GE.

CBOE Volatility Index (VIX) is recently up .38 to 13.95. VIX April 20 and 25 calls are active on total option volume of 663K contacts at the CBOE.

S&P 100 Options (OEX) is recently down $2.44 to $698.14 after, the President of the New York Federal Reserve Bank, William Dudley argues for monetary policy to stay ‘very accommodative’.