Blogging Options: CBOE Mid-day update 10.3.13

Volatility as an asset class

Angie’s List (ANGI) is down $3.07 to $17.90 after The Wall Street Journal said the company lowered its membership prices in several markets. October call option implied volatility is at 66, November is an 81, February is at 66; compared to its 26-week average of 62.

Constellation Brands (STZ) is higher by $1.52 to $59.78 after the spirits company expects spirit sales trends to improve in the back half of the year as it rolls out new products and benefits from the restaging of packaging for Svedka.  October call option implied volatility is at 25, November and April is at 22; compared to its 26-week average of 27.

International Speedway (ISCA) is down $0.39 to $33.00 after the racetrack operator affirmed its outlook for the year. October call option implied volatility is at 27, November is at 24, December is at 23, March is at 21; compared to its 26-week average of 25.

CBOE S&P 500 BuyWrite Index (BXM) is recently down $5.74 to $954.48, below its 50-day moving average of 959.65. www.cboe.com/BXMS

Active options at CBOE:  AAPL C FB NFLX TSLA GOOG LAMR VOD INTC JPM

CBOE Volatility Index (VIX) is up $1.04 to 17.64. VIX October 16, 17, 18, 19, 20 and 21 calls are active on total option volume of 700K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently up $1.01 to 15.64.

S&P 100 Options (OEX) is recently down $8.78 to $744.38 as a partial government shutdown entered its third day.  Both sides saying that default will not happen, but they’re not talking to each other.  10-year near 2.61%.  Traders watching reports of police at US Capital, no answers as to what happened.