Blogging Options: CBOE Mid-Day Update 11.15.13

Volatility as an asset class

General Electric (GE) is up $0.28 to $27.27  after the company said Q4 remains on track.  November weekly call option implied volatility is at 15, December is at 16, Janary is at 18, February is at 17; compared to its 26-week average of 18.

Twitter (TWTR) is down $0.88 to $43.80. November weekly call option implied volatility is at 59, December is at 50, January is at 48, February is at 59.

Exxon Mobil (XOM) is up $1.49 to $94.72 after Berkshire Hathaway announced a $3.4B stake. Overall option implied volatility of 13 is below its 26-week average of 15.

Active options at @ CBOE: AAPL NFLX SPX VIX TSLA IOC AMZN VLO LNKD AVP C

CBOE Volatility Index (VIX) is up 2c to 12.39. VIX December 10, 23, 26 and 35 calls are active at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 44c to 47.20.

S&P 100 Options (OEX) is up 1.52 to $800.24 on a continuation of yesterday’s reaction to the dovish comments from Fed Chair nominee Janet Yellen, who said an easier monetary policy is still needed to help the economy recover.

Option expiration volume pretty good, ~12.mm contracts trade mid-day, SPX & VIX volume over 300k each.

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