Blogging Options: CBOE Morning Update 10.15.13

Volatility as an asset class

Teradata (TDC) is down $7.96 to $44.62 in the premarket after the data-warehousing ccompany lowered its FY13 revenue outlook. Overall volatility of 37 is above its 26-week average of 34.

Proshares UltraShort Barc 20 Year Treasury ETF (TBT) is off $0.05 to $77.26. October call option implied volatility is at 33, November is at 29, December and January is at 27; compared to its 26-week average of 30.

SPDR Gold Trust (GLD) is down $1.82 to $121.01 as gold trends lower to $1263. October call option implied volatility is at 30, November and December is at 19; compared to its 26-week average of 19.

Options expected to be active at CBOE; AAPL C YHOO JNJ JPM BAC FB INTC

CBOE S&P 500 BuyWrite Index (BXM) closed at $970.45, above its 50-day moving average of 959. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) closed at 243.68, near its 50-day moving average of 243.06. http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) closed at 16.07, below its 10-day moving average of 17.41 and above its 50-day moving average of 15.11. www.cboe.com/VIX

Calls with increasing volume at CBOE:

SPY 10/25/2013 171 28K contacts
CX3 1/17/2015 14.42 14K
SCSS 10/19/2013 29 7K
FB 10/19/2013 50 6K

Puts with increasing volume at CBOE:

SPY 10/19/2013 170.50 31K contracts
2 S 11/16/2013 6 16K

SPDR S&P 500 ETF Trust (SPY) is is up $0.13 to $171.07 on hopes for a U.S. budget deal to avoid a debt default.  oil off, 10-year 2.71%.

Citi is off $0.50. JNJ up $1 and KO up $0.50 pre-market after quarterly earnings.