Blogging Options: CBOE Mid-day Update 12.13.13

Volatility as an asset class

Anadarko Petroleum (APC) is down $6.51 to $77.16 after a bankruptcy judge ruled the company could be liable for at least $5B in a lawsuit over environmental and legal liabilities related to its 2006 acquisition of Kerr-McGee Corp. December, January, February and May call option implied volatility of 28 is near its 26-week average of 29.

Honeywell (HON) is up $0.68 to $86.98 after its board authorized a $5B share repurchase program. December call option implied volatility is at 18, January is at 17, June is at 18; compared to its 26-week average of 21.

General Electric (GE) is up $0.20 to $26.75 after increasing its quarterly dividend by 16% to 22c. December, January and February call option implied volatility of 19 is below its 26-week average of 22.

Options with increasing volume @ CBOE:  RH STT APC PLUG VZ HAL TWC VIX

CBOE DJIA BuyWrite Index (BXD) is up $0.45 to 248.88 above its 50-day moving average of 247:

CBOE Volatility Index (VIX) is down 0.18 to 15.36. VIX December 14 & 15 puts are active on 188K contracts at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are up 15c to 47.45.

S&P 100 Options (OEX) is recently up $0.42 to $792.72 as gold futures and ten-year note increases. European shares drifted lower again.