Blogging Options: CBOE Mid-day Update 12.30.13

Volatility as an asset class

Trina Solar (TSL) is up $0.89 to $14.04 after the photovoltaic solutions and services company announced a tentative deal with a local Chinese government.  January call option implied volatility is at 69, February is at 72, March is at 77 compared to its 26-week average of 74.

Kandi Technologies (KNDI) is higher by $1.91 to $12.23 as the Chinese vehicle manufacturer trades at a record high. January call option implied volatility is at 115, February is at 84, March is at 77, June is at 64; compared to its 26-week average of 77.

Active options @ CBOE:  AAPL TWTR AMZN TLSA GOOG CROX DRYS MYGN LNG NFLX AA SAN SPX VIX

CBOE Volatility Index (VIX) is up 1.00 to 13.46. VIX January 14, 15, 16, 20 & 28 calls are active on 74+K contracts at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are up 38c to 42.38.

S&P 100 Options (OEX) is flat after opening lower into year-end.  Fairly slow option day with CBOE trading ~2.5mm of ~8.3mm contracts.  SPX trades ~300k and  VIX trades 325k at mid day.  AAPL off $7, leaning on NASDAQ average.

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