Blogging Options: CBOE Mid-day Update 1.21.13

Volatility as an asset class

Baker Hughes (BHI) is recently up $1.36 to $55.50 after the oil field services company reported Q4 profits and revenue that were higher than expected by analysts. February call option implied volatility is at 20, March is at 19, July is at 22; compared to its 26-week average of 26.

Halliburton (HAL) is recently down 87c to $49.81 after the oil-field servicing company stated that it expects this year to be “challenging” in Latin America, with fairly steady activity in Brazil and Mexico. February call option implied volatility is at 20, March is at 21, July is at 22; compared to its 26-week average of 26.

Affymetrix (AFFX) is recently up 22c to $9.48 after receiving clearance to market CytoScan Dx Assay. February call option implied volatility is at 63, March is at 67, August is at 65; compared to its 26-week average of 69.

Active options at CBOE: C AAPL DOW TSLA VZ CLF TWTR NFLX BAC

Options with increasing volume at CBOE: LAMR CLF EBAY DOW BSX AA RF

CBOE DJIA Volatility Index (VXD) down $1.26 to 12.90, compared to its 10-day moving average of 12.13. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) is recently down 87c to 256.59 above its 50-day moving average of 252.31: cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is recently up 53c to 12.97. VIX January 13 & 14 calls are active at CBOE on 483K contracts.

iPath S&P 500 VIX Short-Term Futures (VXX) are recently down 14c to 40.99.

S&P 100 Options (OEX) is recently down $1.24 to $816.02 on liquidity and weak price action as a second major snow storm of the year descends on the East Coast.