Blogging Options: CBOE Morning Update 4.22.13

Volatility as an asset class

VIX methodology for iShares Silver Trust (VXSLV) closed at 34.04; above its 50-day moving average of 26.49.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 46.17, above its 50-day moving average of 31.26.

Caterpillar (CAT) is up $0.61 to $81.10 in the premarket after the construction and mining equipment company reported Q1 earnings fell 45% on revenue decline. Overall option implied volatility of 25 is below its 26-week average of 27.  They also moved guidance lower in future quarters.

Halliburton (HAL) is up $1.51 to $38.72 in the premarket after the oil-services company predicted margins would strengthen as the year progresses. Overall option implied volatility of 34 is above its 26-week average of 31.

Hasbro (HAS) closed at $45.02 into the toy company reporting Q1 revenue of $663.7M, compared to consensus $638.76M. Overall option implied volatility of 23 is below its 26-week average of 25.

Options expected to be active on open;  NOK AMZN AAPL GE CAT ABX FB BA

CBOE S&P 500 BuyWrite Index (BXM) closed at $936.22; below its 10-day moving average of 946.89 and above its 50-day moving average of 936.09. www.cboe.com/BXM

CBOE Volatility Index (VIX) closed at 14.97, above its 10-day moving average of 14.29, and its 50-day moving average of 13.69. www.cboe.com/VIX.

SPDR S&P 500 ETF Trust (SPY) is recently up 42c to $155.89 after stocks worst week of 2013.

Calls with increasing volume at CBOE:

SPY 4/20/2013 155 80K contracts
XLI 5/18/2013 41 19K
AAPL 4/20/2013 400 19K

Puts with increasing volume at CBOE:

SPY 4/20/2013 155 67K contracts
VXX 5/18/2013 18 20K
IWM 5/3/2013 88 19K
GES 9/21/2013 22 18K