Blogging Options: CBOE Mid-day Update 9.26.13

Volatility as an asset class

H.B. Fuller (FUL) is recently up $2.92 to $43.34 after the adhesives and sealants manufacturer company reported better than expected Q3 and outlook.  October call option implied volatility is at 21, November is at 20, February is at 22; compared to its 26-week average of 28.

Yahoo (YHOO) is recently up $1.58 to $32.90 a day after the Wall Street Journal reported its increasing likely Chinese e-commerce giant Alibaba Group Holdings, in which YHOO has a stake, will list its shares in New York, not Hong Kong. October weekly call option implied volatility is at 37, November is at 38, December is at 36; compared to its 26-week average of 31.

Facebook (FB) is recently up $1.20 to $50.60, a new record high after Goldman Sach’s raised its price target to $58 from $52.  October weekly call option implied volatility is at 41, October is at 63, November is at 61, December is at 47; compared to its 26-week average of 38.

CBOE S&P 500 BuyWrite Index (BXM) is recently up $2.74 to $961.31, above its 50-day moving average of 959.83. www.cboe.com/BXM

Active options at CBOE:  YHOO AAPL FB C TSLA NFLX GOOG WLT JCP

CBOE Volatility Index (VIX) is recently up 11c to 14.12. VIX October 15 and 20 calls are active on total option volume of 137K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 15c to 13.74.

S&P 100 Options (OEX) is recently up $2.14 to $756.56 after weekly jobless claims came in lower than expected.