Blogging Options: CBOE Mid-Day Update 9.6.13

Volatility as an asset class

American Tower (AMT) is up $3.03 to $71.78 after announcing the acquisition of Global Tower Partners for $4.8B. September, October and January call option implied volatility of 22 is at its 26-week average of 22.

Ford (F) is down $0.17 to $17.13 after Standard & Poor’s Ratings Services raised its issuer credit ratings on Ford Motor and Ford Motor Credit to ‘BBB-‘ from ‘BB+’, and revised the outlook on both companies to stable from positive. September call option implied volatility is at 24, October is at 25, November is at 27; compared to its 26-week average of 27.

General Motors (GM) is off 9c to $36.25 on the auto manufacture’s outlook revised to positive from stable by S&P. September call option implied volatility is at 25, October is at 26, December is at 37; compare to its 26-week average of 28.

CBOE Interest Rate 5 Year Note (FVX) is down 4.7% to 17.49, above its 50-day moving average of 14.73 as Proshares UltraShort Barc 20 Year Treasury ETF (TBT) decreases 1.6% to $80.01.

CBOE 30-Year Treasury Bond (TYX) is recently down 1% to 38.41, above its 50-day moving average of 36.88 on August unemployment of 7.3%.

CBOE Crude Volatility Index (OVX) is up 2.5% to 28.13, above its 50-day moving average of 24.32 as WTI Crude oil trades up 1.74% to $110.26. http://www.cboe.com/ovx

CBOE S&P 500 BuyWrite Index (BXM) is recently up $1.96 $959.12, below its 50-day moving average of 956.38. www.cboe.com/BXM

CBOE S&P 500 2% OTM BuyWrite (BXY) is up $4.20 to 1287.45, below its 50-day moving average of 1289.84. www.cboe.com/BXY

Active options at CBOE:  FB AAPL JNJ CLSN C PFE RMTI BAC JCP

CBOE Volatility Index (VIX) is down 2.% to 15.44. VIX September 14, 15, 16 puts are active on total option volume of 182K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 0.9% to 15.87.

S&P 100 Options (OEX) is up $2.04 to $741.86 on weaker than expected August payrolls report as major world nation’s debated possible military action against Syria.