Blogging Options: Mid-day Update 2.3.14

Volatility as an asset class

Ford (F) is recently down 48c to $14.48 after the company’s January U.S. sales declined 7% from a year ago to 154,644 vehicles in January.  February weekly call option implied volatility is at 36, February and March is at 27, May and June is at 26; compared to its 26-week average of 26.

General Motors (GM) off down 80c to $35.29 after releasing January sales of 171,486 vehicles sold. February weekly call option implied volatility is at 64, February is at 34, March is at 31, June is at 27; compared to its 26-week average of 26.

RadioShack (RSH) is recently up 10c to $2.50 on a positive reaction to the company’s Super Bowl advertising. Overall option implied volatility of 84 is near its 26-week average of 87.

Active @ CBOE:  AAPL C AMZN TWTR GOOG VZ FB ZNGA BAC

Options with increasing volume @ CBOE:  HLF S MPEL NEM CSCO MDY EPI EWC DBA PNK COV FSL CY STJ JOSB

CBOE DJIA Volatility Index (VXD) recently up 1.67 to 19.58, compared to its 10-day moving average of 15.92. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) recently down 3.41 to 244.30 compared to its 50-day moving average of 252.63. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) recently up 1.78 to 20.19. VIX February 18, 20, 22, 23 and February 15 & 17 calls are active at CBOE on 822K contracts.  cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) recently up 2.32 to 51.91.

S&P 100 Options (OEX) recently down $3.44 to $791.76 in the first trading day of February, after reports showed that manufacturing activity slumped in January in both the U.S. and in China.