Blogging Options: CBOE Morning Update 12.13.13

Happy Friday the 13th.  PPI fell 0.1% (flat expected, fall in price of heating oil helped), Core Rate up 0.1%.  Budget votes moves to Senate, if it passes Congress can go home for the year, so hopefully it will.  10-year 2.86.

If you missed any of the Russell Rhoads 3-part webinar series this week on VIX, Short-Term VIX or VIX extended hours futures trading it is archived and available for free viewing at CBOE.com.  December VIX expiration next Wednesday, Triple Witch next Friday.

Volatility as an asset class

Restoration Hardware (RH) is down $5.37 to $60 in the premarket after the home goods retailer announced the departure of co-CEO Carlos Alberini.  December call option implied volatility is at 102, January is at 63, May is at 47; compared to its 26-week average of 47.

United Technologies (UTX) is down $1.09 to $107 after issuing a profit and revenue targets for 2014 that fell short of analyst expectations. Overall option implied volatility of 16 is near its 26-week average of 17.

Adobe (ADBE) is up $3.71 to $57.70 after the software company reported better than expected Q4 revenue. Overall option implied volatility of 30 is near its 26-week average of 28.

Texas Industries (TXI) is higher by $6.46 to $65 in the premarket after Bloomberg reported the building material company is exploring a sale. Overall option implied volatility of 36 is near its 26-week average of 38.

CBOE VIX methodology for Market Vectors Gold Miners Fund (VXGDX) closed at 44.34, above its 50-day moving average of 43.09.

CBOE S&P 500 BuyWrite Index (BXM) closed at 995.22, above its 50-day moving average of 986.72. www.cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) closed at 248.45, above its 50-day moving average of 246.79. http://www.cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) closed at 17.36. VXST is a market-based gauge of expectations of 9-day volatility.   cboe.com/vxst

CBOE Volatility Index (VIX) closed at 15.54, above its 10-day moving average of 14.44 and its 50-day moving average of 14.22. www.cboe.com/VIX

CBOE DJIA Volatility Index (VXD) closed @ 14.65, above its 50-day moving average of 13.51 www.cboe.com/VXD
Options expected to be active @ CBOE: FB TWTR TSLR RH NKE FDX QCOM

SPDR S&P 500 ETF Trust (SPY) is recently up 62c to $178.75 in the premarket as the market is currently on pace for its biggest weekly decline since August.

Calls with increasing volume at CBOE:

SPY 12/31/2013 183 58K contracts
BSX 2/22/2014 13 48K
WMB 1/18/2014 37 20K
DIA 12/21/2013 159 16K
FB 12/21/2013 55 10K