Blogging Options: CBOE Mid-day Update 11.8.13

Volatility as an asset class

McDonald’s (MCD) is recently down 78c to $96.42 on global same-store sales grew 0.5% in October. November call option implied volatility is at 10, December and January is at 11; compared to its 26-week average of 15.

Nvidia (NVDA) is recently up 66c to $15.20 after the chip maker reported Q3 earnings declined less than expected.  November and December call option implied volatility is at 23, March is at 26; compared to its 26-week average of 32.

GAP Inc. (GPS) is recently up $3.05 to $40.80 after the retailer reported better than expected Q3 sales growth. November call option implied volatility is at 24, December is at 30, January and March is at 25; compared to its 26-week average of 30.

Molycorp (MCP) is recently up 16c to $4.92 after the rare earth mining company reported a Q3 loss widening.  November and December call option implied volatility is at 50, March is at 60; compared to its 26-week average of 64.

Active options at @ CBOE: GOOG NFLX C TSLA LNKD WFM AAPL BIDU GILD

CBOE S&P 500 BuyWrite Index (BXM) is recently up 3.24 to $991.90, above its 50-day moving average of 970.09. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) is recently up 43c to 247.93, above its 50-day moving average of 244.01. http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently down 61c to 13.26. VIX November 15, 20 and 23 calls are active on 722K contracts at the CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down $1.69 to 49.13.

S&P 100 Options (OEX) is recently up $7 to $787.70 on October Employment Nonfarm Payrolls at 204,000 vs. consensus estimates of 120,000 and U.S. unemployment rate rises to 7.3% from 7.2%.