Blogging Options: CBOE Mid-day Update 10.15.13

Volatility as an asset class

Coca-Cola (KO) is recently up 9c to $37.99 after the world’s largest beverage company reported Q3 profits rose 5.9%. October call option implied volatility is at 23, November is at 16, January and February is at 15; compared to its 26-week average of 17.

Johnson & Johnson (JNJ) is recently up 32c to $90.15 after the health care products company reported a Q3 profit of $2.98B. October call option implied volatility of 20, January and February is at 15; compared to its 26-week average of 16.

Citigroup (C) is recently up 27c to $49.86 after reporting disappointing Q3 results.  November call option implied volatility is at 22, December is at 21, January is at 22; compared to its 26-week average of 27.

Domino’s Pizza (DPZ) is recently down $2.82 to $66, 05 after the pizza provider reported Q3 earrings rose 18%. October call option implied volatility is at 34, December is at 23, January is at 22; compared to its 26-week average of 28.

Active options at CBOE; FB AAPL TSLA NFLX C LVS MCP KO AMRN OPK

Nasdaq-100 Index Options (NDX) is recently up 0.4% to 3268.20, above its 50-day moving average of 3162.03 www.cboe.com/NDX

CBOE S&P 500 BuyWrite Index (BXM) is recently down 74c to $969.76, near its 50-day moving average of 959.13. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) is recently down 64c to $243.03, near its 50-day moving average of $243.95. http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently up 44c to 16.51. VIX October 15 & 16 puts are active on total option volume of 345K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently up 10c to 14.78

S&P 100 Options (OEX) is recently down $1.04 to $760.08 after a four successive session rallies.  Investors become concerned about how lawmaker’s inability to reach an agreement to increase the government’s debt limit will affect corporate earnings.