Blogging Options: CBOE Mid-Day Update 1.2.14

S&P 100 Options (OEX) is down 7.00 to $816.78 on first trading day of the year.  Seven stocks in DJIA off more than $1.  AAPL off $7 on downgrade by major research firm.  ISM showed a slight decrease after the opening, in line with expectations.
For the Bears in the room, Investors Intelligence is said to have released data showing Bulls at 60%+, with a record Bull/Bear ration of over 4 – 1.
Volatility as an asset class

DJIA worst performing stocks of ’13 have flat option implied volatility

IBM (IBM) implied volatility of 21 is near its 26-week average of 20.

Caterpillar (CAT) implied volatility of 20 is near its 26-week average of 21.

AT&T (T) implied volatility of 15 is near its 26-week average of 16.

McDonald’s (MCD) implied volatility of 13 is near its 26-week average of 14.

Cisco (CSCO) implied volatility of 22 is near its 26-week average of 23.

CBOE DJIA Volatility Index (VXD) up 0.56 to 13.46, above 50-day moving average of 12.78.


CBOE Volatility Index (VIX) is up 0.56 to 14.28. VIX January 16, 20, Feb 16 & 38 calls are active at CBOE.

iPath S&P 500 VIX Short-Term Futures (VXX) are up 1.02 to 43.57.