CBOE Mid-day Outlook 1.24.14

Option volume heavy at mid-day, as CBOE trades over 5mm of 18mm options changing hands.
Volatility as an asset class

Intuitive Surgical (ISRG) is down $25.52 to $413.48 after the maker of the da Vinci Surgical System announced it would sell fewer systems in 2014 compared to the prior year. February call option implied volatility is at 29, March is at 28, July is at 30; compared to its 26-week average 33.

Kansas City Southern (KSU) is down $16.79 to $100.50 after the railroad company announced earnings miss. February call option implied volatility is at 27, March is at 26, June is at 23; compared to its 26-week average of 32.

United States Natural Gas Fund (UNG) is up $1.42 to $24.22 as natural gas rally’s 5.62%.  January weekly call option implied volatility is at 59, February is at 55, April is at 36; above its 26-week average of 32.

Active options @ CBOE: AAPL C BMY TSLA GOOG NFLX TWTR MSFT AA SPXW

Options with increasing volume @ CBOE: CLF HD CRM PENN KSU BBRY

CBOE DJIA Volatility Index (VXD) is up $2.14 to 15.77, compared to its 10-day moving average of 12.58. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) is down $2.75 to 252.06 above its 50-day moving average of 252.71. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) is up 2.58 to 16.35. VIX February 18, 19, 20, 21, 22 & 24 calls are active at CBOE on 533K contracts.

iPath S&P 500 VIX Short-Term Futures (VXX) are up 2.33 to 43.45.

S&P 100 Options (OEX) is down $9.92 to $801.22 on global currency concerns.