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