Blogging Options: CBOE Morning Update 12.31.13

Fixed Income traders have shortened hours today, stocks with normal hours.  Case-Shiller October Home Price increase in-line.  Berkshire in pipeline deal. 10-yr at 2.99%

Volatility as an asset class

Hertz (HTZ) is up $1.09 to $27.12 in the premarket after the vehicle rental company adopted a shareholder rights plan. Overall option implied volatility of 34 is near its 26-week average of 35.

Marvell Technology (MRVL) is higher by $0.73 to $14.49 in the premarket after KKR Fund Holdings reported a 6.8% stake in the chip company. Overall option implied volatility of 42 is near its 26-week average of 41.

Uni-Pixel (UNXL) is down $1.54 to $10.25 in the premarket after the sensor technology company announced the resignation of its CEO, Reed Killion. Overall option implied volatility of 72 is below its 26-week average of 101.

Options active expected to be active @ CBOE: N Q CROX UNXL HTZ MRVL PSX TWTR

CBOE S&P 500 BuyWrite Index (BXM) closed at 1020.78, above its 50-day moving average of 997.77 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) closed at 255.72, above its 50-day moving average of 249.58. cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) closed at 12.99, below its 10-day moving average of 13.13. VXST is a market-based gauge of expectations of 9-day volatility.   cboe.com/vxst

CBOE Volatility Index (VIX) closed at 13.56, below its 10-day moving average of 13.78 and above its 50-day moving average of 13.52. cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is up 24c to $184.06 into year-end.

Calls with increasing volume at CBOE:

IWM 12/31/2013 115 17K contracts
SPY 1/3/2014 184 13K
XLF 1/18/2014 22 11K

Puts with increasing volume at CBOE:

IWM 1/18/2014 104 20K
XLE 1/18/2014 87 13K
QQQ 1/18/2014 82 12K
SPY 1/18/2014 173 10K

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