Blogging Options: CBOE Mid-day Update 9.25.13

Volatility as an asset class

J.C. Penney com (JCP) is recently down $1.56 to $10.33 on CEO Myron Ullman said the company’s turnaround will take a long time, CNBC’s reports.  September weekly put option implied volatility is at 141, October is at 77, November is at 80, January is at 70; above its 26-week average of 59.

SPDR Gold Trust (GLD) is recently up $1.21 to $128.87 as gold trades up 1.42% to $1,335. September weekly call option implied volatility is at 24, October is at 18, November and December is at 19; compared to its 26-week average of 19.

CBOE Gold ETF Volatility Index (GVZ) is recently down 3.3% to 22.08, below its 50-day moving average of 23.23.

iShares Silver Trust (SLV) is recently up 18c to $21.06 as silver trades up 1.36% to $21.88. Overall implied volatility of 34 is above its 26-week average of 31.

VIX methodology for iShares Silver Trust (VXSLV) is recently down 1.4% to 37.41; near its 50-day moving average of 37.23.

CBOE S&P 500 BuyWrite Index (BXM) is recently up $1.58 to $961.68, above its 50-day moving average of 959.82. www.cboe.com/BXM

Active options at CBOE:  AAPL C TSLA FB AMAT ZNGA JCP VOD

CBOE Volatility Index (VIX) is recently down 12c to 13.96. VIX October 21 and 22 calls are active on total option volume of 138K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 14c to 13.80.

S&P 100 Options (OEX) is recently up 78c to $757.68 on uncertainty into a potential U.S. government shutdown.