Blogging Options: CBOE Morning Update 1.30.14

First look at Q4 GDP shows up 3.2%, less that 3.4% expected and 4.1% from Q3. Weekly Jobless slightly higher. Pre-market trimming early gains as they digest details of GDP.  Visa (, VDJIA component) up $7 to $224.12.  Asian shares lower.

Volatility as an asset class

Facebook (FB) is up $10.37 to $63.85 in the premarket after the social network company reported Q4 earnings that beat estimates, with mobile revenue comprising 53% of the company’s advertising revenue, which rose 76% from the prior year period. January weekly call option implied volatility is at 184, February is at 65, March is at 50, September is at 42; compared to its 26-week average of 47.

Qualcomm (QCOM) is up $1.83 to $72.95 after reporting Q1 earnings that beat estimates and the chip giant also gave a fiscal 2014 outlook that was in-line with expectations.  January weekly call option implied volatility is at 55, February is at 25, March is at 22, April is at 19; compared to its 26-week average of 23.

Las Vegas Sands (LVS) is down 12c to $73.81 in the premarket after the casino resort operator reported Q4 EPS 87c, compared to consensus 85c.  January weekly call option implied volatility is at 73, February is at 38, March is at 34, June is at 32; compared to its 26-week average of 28.

VIX methodology for Amazon (VXAZN) is at 42.63, above its 50-day MA 32.80 into Q4 on January 30.

Options expected to be active @ CBOE: TWTR GOOG AMZN FB YHOO UPS MMM UA V VIX

CBOE S&P 500 BuyWrite Index (BXM) at 997.26, below its 50-day moving average of 1009.87. cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 248.31, below its 50-day moving average of 252.76. cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) closed at 19.40, compared to its 10-day moving average of 14.87 VXST is a market-based gauge of expectations of 9-day volatility.   cboe.com/vxst

CBOE Volatility Index (VIX) at 17.35, above its 10-day moving average of 14.54 and its 50-day moving average of 13.81. VIX is up 26% for year.  cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is recently up 79c to $178.14 after yesterday’s Treasuries risk-off gains that left longer dated issues at their best levels since mid-November.

Calls with increasing volume at CBOE:
SPY 1/31/2014 182 31K contracts
SGMO 1/17/2015 7 30K
VXX 2/28/2014 63 15K
T 1/31/2014 33 13K

Puts with increasing volume at CBOE:
EWZ 3/22/2014 40 25K contracts
SPY 1/31/2014 177 13K
VXX 1/31/2014 42 10K