Blogging Options: CBOE Mid-day Update 11.13.13

Volatility as an asset class:

Macy’s (M) is up $4.39 to $50.73 after reporting Q3 earnings rose 22%. November call option implied volatility is at 29, December is at 24, January and February is at 22; compared to its 26-week average of 27.

Sotheby’s (BID) is higher by $0.64 to $52.72 on a positive read through from Christie’s art auction. Overall option implied volatility of 33 is near its 26-week average of 34.

lululemon (LULU) is up $2.54 to $69.47 after the athletic apparel maker was initiated with an Overweight rating and $84 price target at JPMorgan.

iShares FTSE Xinhua China 25 Index (FXI) is down 49c to $36.41 following Tuesday’s conclusion of the Third Plenum, a four-day meeting that sets the course for the Chinese economy for the next 10 years. Overall option implied volatility of 21 is near its 26-week average of 22.

Active options at @ CBOE: AAPL NFLX TSLA GOOG FB

Options with increasing volume: CROX NTAP NTES CSCO NQ GERN

CBOE S&P 500 BuyWrite Index (BXM) is recently up 68c to $994, above its 50-day moving average of 972.68. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) is recently up 8c to 248.22, above its 50-day moving average of 244.46. http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) has rallied slightly and is now up 0.05 to 12.87.  VIX November 15 and 16 calls are active at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently up 2c to 48.36.

S&P 100 Options (OEX) is recently up $2.40 to $791.86 as bonds trend higher on hopes for continued Fed stimulus.

Overall option volume light as we head into Nov. expiration Friday.