Blogging Options: CBOE Mid-day Update 10.1.13

Volatility as an asset class

General Motors (GM) is recently down 3c to $35.94 after reportinh September U.S. sales down 11% to 187,195 vehicles. October call option implied volatility of 29, November is at 30, December is at 28, January is at 27; compared to its 26-week average of 27.

Ford (F) is recently up 46c to $17.33 after reporting September U.S. sales up 5.8% to 185,146 units. October call option implied volatility of 25, November is at 28, December is at 25, January is at 26; compared to its 26-week average of 28.

Toyota Motor (TM) is recently down 48c to $127.55 after reporting September U.S. sales of 164,457 units, an increase of 4% over September 2012. October call option implied volatility of 23, November and December is at 25, January is at 24; compared to its 26-week average of 25.

Tesla Motors (TSLA) is recently up 40c to $193.77. October weekly call option implied volatility is at 55, October is at 50, November is at 54, December is at 59; compared to its 26-week average of 57.

CBOE S&P 500 BuyWrite Index (BXM) is recently up $6.82 to $960.40, above its 50-day moving average of 959.78. www.cboe.com/BXMS

Active options at CBOE:  AAPL C FB NFLX TSLA MRK ABX SD POT

CBOE Volatility Index (VIX) is recently down 86c to 15.74. VIX October 16, 19 and 22 calls are active on total option volume of 355K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 28c to 14.41.

S&P 100 Options (OEX) is recently up $5.58 to $753.68 in spite of the partial government shutdown.