Blogging Options: CBOE Mid-day Update 1.29.14

Volatility as an asset class

Boeing (BA) is recently down $7.94 to $129.13 after the firm reported better than expected Q4 results, but issued guidance for fiscal 2014 that fell significantly short of expectations. January weekly call option implied volatility is at 35, February is at 24, March and August is at 22; compared to its 26-week average of 24.

Dow Chemical (DOW) is recently up $1.60 to $44.66 after reporting Q4 profits and revenue that both exceeded analysts’ consensus estimates.  February call option implied volatility is at 26, March at 24, June is at 24; compared to its 26-week average of 27

Du Pont, (DD) is recently up $1.41 to $60.98 after reported stronger than expected results yesterday morning and announced its own $5B share repurchase program. February call option implied volatility is at 20, March at 19, July is at 18; compared to its 26-week average of 19.

Facebook (FB) January weekly 55 straddle priced for 10.7% move into Q4.

Active options @ CBOE: AAPL AA C DOW NFLX VZ YHOO TSLA

Options with increasing volume @ CBOE: AAL VALE NVR TSRA SGMO WU

CBOE DJIA Volatility Index (VXD) recently up $1.57 to 16.89, compared to its 10-day moving average of 14.01. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) recently down 2.26 to 248.92 compared to its 50-day moving average of 252.78. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) recently up 1.63 to 17.43. VIX February 16, 17, 21 & 23 calls are active at CBOE on 314K contracts.  cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) recently up 1.73 to 45.30.

S&P 100 Options (OEX) recently down $5.54 to $789.96 into the FOMC statement at 2:00 p.m. eastern time.