Blogging Options: CBOE Mid-day Update 11.26.13

Volatility as an asset class

Tiffany (TIF) is recently up $6.61 to $87.64 after the jeweler reported better than expected Q3 results and raised its guidance. December call option implied volatility is at 19, January is at 22, February is at 21; compared to its 26-week average of 25.

Barnes & Noble (BKS) is recently down $1.04 to $15.38 after the booker seller reported a larger than expected decline in Q2 revenue. December call option implied volatility is at 56, January is at 53, April and July is at 44; compared to its 26-week average of 49.

Men’s Wearhouse (MW) is recently up $4.38 to $51.46 after proposing to buy JoS. A. Bank (JOSB) for $55 per share cash. December call option implied volatility is at 27, January is at 30, and February is at 21; below its 26-week average of 36.

JoS. A. Bank (JOSB) is recently up $5.39 to $55.39. December call option implied volatility is at 26, January is at 20, April is at 19; below its 26-week average of 36.

CBOE Interest Rate 5 Year Note (FVX) is recently down 26c to 13.16.

CBOE DJIA Volatility Index (VXD) is recently up 1c to 11.79, below its 50-day moving average of 13.63. www.cboe.com/VXD

Active options at @ CBOE:  AAPL C TSLA BAC HPQ NUAN ABX HPQ FB GOOG C KO

CBOE DJIA BuyWrite Index (BXD) is recently up 0.1% to 250.98 above its 50-day moving average of 245.32: www.cboe.com/micro/bxd/ 12.70. VIX December 15 & 20 calls are active on 153K contracts at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 27c to 44.31.

S&P 100 Options (OEX) is recently up $1.26 to $805.48 after consumer confidence fell.