Good morning from a cold and icy Chicago.
Nuance (NUAN) is down $1.03 to $14.96 in the preopen after the provider of voice communication services on less than expected revenue growth. December call option implied volatility is at 55, January is at 47, April is at 43; compared to its 26-week average of 44.
Workday (WDAY) is up $6.30 to $79.60 after the enterprise-software company better than expected Q3 results and revenue guidance. December call option implied volatility is at 48, January is at 41, March is at 41; compared to its 26-week average of 37.
Perfect World (PWRD) is up $1.13 to $19.99 after the Chines online game company reported better than expected Q3 profit. December call option implied volatility is at 67, January is at 58, March is at 56; compared to its 26-week average of 55.
Palo Alto (PANW) is higher by $3.90 to $50 in the preopen after the Internet security company reported better than expected Q1 results. December call option implied volatility is at 58, January is at 51, March is at 49; compared to its 26-week average of 52.
Options expected to be active @ CBOE; PWRD JCP PANW WDAY HPQ NUAN HRL
CBOE S&P 500 BuyWrite Index (BXM) closed at $1000.02, above its 50-day moving average of 977.70. www.cboe.com/BXM
CBOE DJIA BuyWrite Index (BXD) closed at 250.74, above its 50-day moving average of 245.24. http://www.cboe.com/micro/bxd/
CBOE S&P 500 PutWrite Index (PUT) closed at 1348.30, above its 10-day MA of 1343.11 and its 50-day moving average of 1321.79. www.cboe.com/PUT
CBOE S&P 500 95-110 Collar Index (CLL) closed at $604.50 www.cboe.com/CLL
CBOE S&P 500 Short-Term Volatility Index (VXST) closed at 11.52. VXST is a market-based gauge of expectations of 9-day volatility. cboe.com/vxst
CBOE Volatility Index (VIX) closed at 12.79, above its 10-day moving average of 12.75 and below its 50-day moving average of 14.32. www.cboe.com/VIX
CBOE DJIA Volatility Index (VXD) closed @ 11.78, below its 50-day moving average of 13.66 www.cboe.com/VXD
SPDR S&P 500 ETF Trust (SPY) is recently is recently up 24c to $180.87 on October Building Permits 1034K vs. 930 expected.
Calls with increasing volume at CBOE:
AA 6/21/2014 10 17K contracts
FXI 12/21/2013 42 16K
SPY 1/18/2014 181 13K
HAL 1/18/2014 57.5 13K
AA 12/21/2013 10 11K
BAC 1/18/2014 16 10K
Housing Permits for October beat expectations but the more important starts and completions were delayed. DSW off $3.22 to $44 on revenue miss. Men’s Wearhouse proposes to buy Jos. A Banks for $55.
Watch the weather.