Blogging Options: CBOE Mid-Day Update

J.M. Smucker (SJM) is down $6.93 to $101.67 after the jam and coffee maker lowered its guidance for the year.  December option implied volatility is at 17, January is at 16, April is at 17; compared to its 26-week average of 19.

Staples (SPLS) is off 0.08 to $15.26 after the office supply company reported mixed Q3 results due to soft demand for its products. December and January call option implied volatility is at 23, March is at 28; compared to its 26-week average of 33.

Devon Energy (DVN) is up $0.23 to $63.00 after announcing it has reached a definitive agreement to acquire GeoSouthern Energy’s assets in the Eagle Ford oil play for $6B in cash. December call option implied volatility is at 23, January and April is at 22; compared to its 26-week average of 26.

CBOE Interest Rate 5 Year Note (FVX) is down 0.04 to 13.54 into the release of FOMC Minutes

CBOE DJIA Volatility Index (VXD) is down 0.22 to 11.95, below its 50-day moving average of 13.73. www.cboe.com/VXD

Active options at @ CBOE:  JNJ VIX SPX MOS JNJ ZNGA SCTY AMAT JCP AAPL MDT PBR

CBOE DJIA BuyWrite Index (BXD) is up 0.2% to 249.94 above its 50-day moving average of 245.02: www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is down 0.31 to 13.08. VIX December 15 call and puts active at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 1.54 to 46.08.

S&P 100 Options (OEX) is recently up $1.42 to $800.78 after U.S. reports boosted U.S. GDP growth prospects for both Q3 and Q4.

SPX & VIX volume over 500k contracts mid-day. SSYS off $5.50, EBAY lower by $1.80, BIDU also lower. Crude higher.