Blogging Options: CBOE Morning Update 2.6.14

Weekly Jobless a push this morning.  GM misses big, off $1.10 to $34.14.   Asian shares lower but European stocks shake off Draghi comments to post modest gains.  CFE with 22k futures (mostly VIX) trading hands in pre-market pretty impressive.

Volatility as an asset class

Green Mountain (GMCR) is up $33.03 to $113.91 in the premarket on Coca Cola (KO) acquiring a 10% holding in Green Mountain for $1.25B.   As part of a 10-year partnership in which it will exclusively sell Coke-branded pods for use with the upcoming Keurig Cold single-serve beverage system. February weekly call option implied volatility is at 170, March is at 63, April is at 49, June is at 48; compared to its 26-week average of 53.

Twitter’s (TWTR) is down $14.07 to $51.90 after the micro-blogging site reported Q4 earnings beating Street predictions but user growth metrics were disappointing. February weekly call option implied volatility is at 232,, March is at 78, June is at 56; compared to its 13-week average of 60.

Walt Disney (DIS) is up $2.44 to $74.20 in the premarket after the media giant reported Q1 profit rose 33% as “Frozen” boosted studio revenues. February weekly call option implied volatility is at 43, March is at 25, July is at 22; compared to its 26-week average of 23.

Options expected to be active @ CBOE: P ALU FB GMCR SODA TWTR YELP LNKD AOL VIX

CBOE S&P 500 BuyWrite Index (BXM) at 985.82, below its 50-day moving average of 1009.60. cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 243.74, below its 50-day moving average of 252.37. cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) closed at 21.30, compared to its 10-day moving average of 19.36 VXST is a market-based gauge of expectations of 9-day volatility.  cboe.com/vxst

iPath S&P 500 VIX Short-Term Futures (VXX) is down 47c to 53.40 in the premarket.

CBOE Volatility Index (VIX) at 19.95, above its 10-day moving average of 19.95 and its 50-day moving average of 14.44. cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is up $0.24 to $175.41 ahead of January’s jobs report on Friday and corporate earnings.

Calls with increasing volume at CBOE:
QQQ 4/19/2014 90 65K contracts
SPY 2/7/2014 178 36K
SIRI 1/17/2015 2.50 18K
FEZ 2/22/2014 40 11K
FB 2/22/2014 70 10K
NRG 6/21/2014 28 9K