Blogging Options: CBOE Mid-day Update 12.3.13

Volatility as an asset class

General Motors (GM) is recently down $1.03 to $38.08 after reporting November U.S. sales rose 14% to 212,060 vehicles. December weekly call option implied volatility is at 34, December is at 29, January is at 30, March is at 28; compared to its 26-week average of 29.

Ford (F) is recently down 50c to $16.56 after reporting November U.S. sales up 7.2% to 190,449 units. December weekly call option implied volatility is at 31, December is at 21, January is at 24, March is at 25; compared to its 26-week average of 27.

Toyota (TM) is recently down 90c to $123.20 after reporting November U.S. sales up 10.1% to 178,044 units. December call option implied volatility is at 18, January is at 19, April is at 20; compared to its 26-week average of 24.

Tesla Motors (TSLA) is recently up $14.79 to $138.82 after German regulator finds no defects in Model S and the car company was named a Top Pick at Morgan Stanley. December weekly call option implied volatility is at 75, December is at 54, January is at 55; compared to its 26-week average of 49.

Active options at @ CBOE:  AAPL ZNGA AMZN YHOO WMT CELG GS TSLA GOOG

CBOE DJIA BuyWrite Index (BXD) is recently down 92c to 249.63 above its 50-day moving average of 245.70: www.cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently up 57c to 14.80. VIX December 14, 15 and 20 calls are active on 113K contracts at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently up 1.77 to 47.56.

S&P 100 Options (OEX) is recently down $3.18 to $800.44 after European stocks sold off.