Blogging Options: CBOE Mid-day Update 11.21.13

Volatility as an asset class

Target (TGT) is recently down $2.41 to $64.06 after cutting its earnings outlook. December call option implied volatility is at 16, January is at 15; compared to its 26-week average of 19.

Abercrombie & Fitch (ANF) is recently down 1c to $34.95 after the teen-retailer gave less than expected guidance.  December and January call option implied volatility of 38 is below its 26-week average of 42.

GameStop (GME) is recently down $4.32 to $48.17 on disappointing guidance. December call option implied volatility is at 51, January is at 47; compared to it 26-week average of 42.

Options active @ CBOE; ZNGA NFLX JCP TLSA PBR LNG AMAT WMT POT

CBOE DJIA BuyWrite Index (BXD) is recently up 90c to 249.94, above its 50-day moving average of 245.08 http://www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently down 70c to 12.70, December 15 and 18 calls active

VIX futures trade 7:00 a.m. to 2:00 a.m. for Business Days Monday through Friday

SPDR S&P 500 ETF Trust (SPY) is recently is recently up $1.07 to $179.53 on better than expected economic data.