Blogging Options: CBOE Mid-day Update 9.27.13

Volatility as an asset class

Finish Line (FINL) is recently up $1.76 to $24.15 after the athletic gear retailer reported Q2 earnings rose 6.1% on a double-digit revenue increase. October call option implied volatility is at 34, November is at 29, February is at 31; compared to its 26-week average of 34.

DexCom (DXCM) is recently down $2.10 to $27.10 after a competing glucose monitoring system from Medtronic (MDT) obtained FDA approval. October call option implied is at 36, November is at 44, December is at 40; compared to its 26-week average of 39.

Financial Select Sector (XLF) is recently up 7c to $20.06 into U.S.  Government budget bill debates. Overall option implied volatility is at 18, compared to its 26-week average of 19.

CBOE S&P 500 BuyWrite Index (BXM) is recently down $2.88 to $958.72, above its 50-day moving average of 959.87. www.cboe.com/BXMS

Active options @ CBOE on expiration:  AAPL FB FSLR RAD GOOG MSFT TSLA APPL KO LNKD

CBOE Volatility Index (VIX) is recently up 88c to 14.94. VIX October 18 and 20 calls are active on total option volume of 185K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently up 43c to 14.05.

S&P 100 Options (OEX) is recently down $3.12 to $753.58 as U.S. politicians try and hammer out a budget deal to avert a government shutdow