Blogging Options: CBOE Mid-day Update 10.25.13

Career Education (CECO) is recently up $2.10 to $5.90 after disclosing in a regulatory filing last night that it had agreed to sell its European education assets to private equity firm Apax Partners for $276.5 million in cash. November call option implied volatility is at 84, January is at 74, April is at 67; compared to its 26-week average of 74.

Callaway Golf (ELY) is recently up $1.27 to $8.53 following a better than expected Q3 report and guidance improving operational and product momentum. November call option implied volatility is at 29, February is at 26; compared to its 26-week average of 34.

Eastman Chemical (EMN) is recently down $5.80 to $76.38 on lower guidance on uncertain global growth. November call option implied volatility is at 26, January and March is at 25; compared to its 26-week average of 27.

Express Scripts (ESRX) is recently down $2.30 to $61.44 after earnings and guidance. November call option implied volatility is at 23, January is at 21, May is at 23; compared to its 26-week average of 25.

Active options at @ CBOE: AAPL AMZN MSFT ZNGA GOOG TSLA GOOG NFLX CLF

CBOE S&P 500 BuyWrite Index (BXM) is recently up 60c to $986.60, above its 50-day moving average of 962.13. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) is recently up 17c to 246.42, near its 50-day moving average of 242.67. http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently up 12c to 13.32. VIX November 15 and 20 calls are active on total option volume of 81K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently up 9c to 12.96.

S&P 100 Options (OEX) is recently up $1.28 to $781.22 on strong corporate earnings reports and subdued inflation concerns.