Blogging Options: CBOE Afternoon Update 10.31.13

Going into the last hour of trading….

Avon Products (AVP) is down $5.21 to $17.19 on 30 million shares, after reporting less than expected Q3 results.  November call option implied volatility is at 32, December is at 27, April is at 30; compared to its 26-week average of 32.

Boyd Gaming (BYD) is down $2.22 to $10.76 (~17%) after reporting weaker than expected gaming results. November call option implied volatility is at 53, December is at 48, January is at 46, March is at 49; compared to its 26-week average of 50.

Expedia (EXPE) is up $8.63 to $58.50 on better than expected travel booking revenues. November call option implied volatility is at 34, December is at 25, January is at 25, April is at 33; compared to its 26-week average of 41.

Blue Nile (NILE) is up $0.93 to $41.53 after the online jewelry reported strong Q3 results. November call option implied volatility is at 25, December is at 26, February is at 32; compared to its 26-week average of 42.

VIX methodology for iShares Silver Trust (VXSLV) is recently up 2.7% to 32.16; above its 10-day moving average of 33.23. iShares Silver Trust (SLV) down 3.6% to $21.10.

Active options at @ CBOE: AAPL FB BIDU PBR MGM TSLA FSLR ABX NFLX

CBOE S&P 500 BuyWrite Index (BXM) is recently up $1 to $989.76, above its 50-day moving average of 965.29. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) is recently up 20c to 247.21, above its 50-day moving average of 243.20. http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is up 0.05 to 13.70. VIX November 18 and 23 calls are active on total option volume of 143K contacts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 16c to 12.79.

S&P 100 Options (OEX) is down 0.23 to $787.61 on-again, off-again Fed taper considerations are back on again.  Overall option volume was light at mid-day, with 10.5 m contracts traded.  Will trading get even slower in the last hour so traders can get home to trick-or-treat?