Blogging Options: CBOE Mid-day Update 10.21.13

Volatility as an asset class

Hasbro (HAS) is recently up $2.85 to $50.09 after the toy maker reported a Q3 earnings increase of 17%. November call option implied volatility is at 24, January and April is at 21; compared to its 26-week average of 23.

Halliburton (HAL) is recently down 96c to $51.51 after the oil-field services company reported Q3 earnings rose 17%.  November call option implied volatility is at 24, December and January is at 23; compared to its 26-week average of 29.

Gannett (GCI) is recently down $1.67 to $25.87 after the print and broadcast company reported Q3 earnings fell 40%. November call option implied volatility is at 31, December and January is at 28; compared to its 26-week average of 36.

AT&T (T) is recently up 42c to $35.03 after agreeing to sell rights to approximately 9,700 towers to Crown Castle International (CCI) for $4.85B in cash.  November call option implied volatility is at 14, December and February is at 13; compared to its 26-week average of 17.

Iridium (IRDM) is recently down 77c to 6.02 after the commercial satellite network company lowered its FY13 total billable subscriber growth view to 10% from 10%-15%. December and April call option implied volatility of 51 is above its 26-week average of 41.

Active options at CBOE; FB AAPL TSLA NFLX FSLR CLF GE GOOG

Nasdaq-100 Index Options (NDX) is recently up 0.3% to 3363, above its 50-day moving average of 3177 www.cboe.com/NDX

CBOE S&P 500 BuyWrite Index (BXM) is recently up 10c to $983.54, above its 50-day moving average of 960.53. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) is recently down 3c to 245.16, above its 50-day moving average of 242.73. http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently up 34c to 13.38. VIX November 15, 18 and 23 calls are active on total option volume of 188K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 1c to 12.85.

S&P 100 Options (OEX) is recently up 14c to $776.36 as investors looked ahead to U.S. employment data for clues on when the Fed will begin scaling back its stimulus and corporate earnings.