Blogging Options: CBOE Morning Update 11.12.13

Volatility as an asset class

Hologic (HOLX) is down $3.11 to $19.78 in the premarket after the health-care-products company gave a Q1 and fiscal-year 2014 outlook that came in well below expectations. November call option implied volatility is at 50, December is at 31, March is at 29; compared to its 26-week average of 33.

Rackspace (RAX) is down $4.31 to $45.00 after the managed hosting services company reported a quarterly profit that missed expectations. November call option implied volatility is at 130, December is at 57, January is at 49; compared to its 26-week average of 46.

DISH (DISH) is up $1.75 to $49.25 in the premarket after the satellite content delivery company reported Q3 EPS 68c, compared to consensus of 44c.
Overall option implied volatility of 38 is above its 26-week average of 35.

Options expected to be active @ CBOE; NQ FB RAX HOLX M WMT JCP BBY SHLD KSS

CBOE S&P 500 BuyWrite Index (BXM) closed at $993.74, above its 50-day moving average of 971.06. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) closed at 248.29, above its 50-day moving average of 244.18. http://www.cboe.com/micro/bxd/

CBOE S&P 500 PutWrite Index (PUT) closed at 1341.20, above its 10-day MA of 1338.14 www.cboe.com/PUT

CBOE S&P 500 95-110 Collar Index (CLL) closed at $594.30 www.cboe.com/CLL

CBOE S&P 500 Short-Term Volatility Index (VXST) closed at 11.97. VXST is a new market-based gauge of expectations of 9-day volatility.   cboe.com/vxst

CBOE Volatility Index (VIX) closed at 12.53, below its 10-day moving average of 13.23 and below its 50-day moving average of 14.79. www.cboe.com/VIX

CBOE DJIA Volatility Index (VXD) closed @ 12.04, CBOE Dow Jones Indu Average Index (DJX) closed @ 35th record close of year www.cboe.com/VXD

SPDR S&P 500 ETF Trust (SPY) is off $0.43 $176.89 after China released plans to broaden economic reforms.

Calls with increasing volume at CBOE:

WMB 1/18/2014 39 48K contracts
BAC 12/6/2013 15 9K
MRVL 11/16/2013 13 8K
SPY 11/16/2013 177 7K
JNJ 1/18/2014 92.50 6K
FB 12/21/2013 50 5K

Metals lower, grains higher in early trade.