CBOE Mid-Day Update 2.6.14

CBOE with ~4 million of the ~13mm options traded by mid-day.  Several VIX trades push VIX volume to over 880k, SPX at 540k (190k in Weeklys).  Tomorrow’s January NFP includes revisions, so watch wages and participation rate.

Pandora (P) is down $4.36 to $31.47 after the music provider reported lower than expected Q4 revenue, and provided weaker than expected guidance. Pandora’s total listener hours rose 16% to 4.54 billion last quarter, and its mobile ad revenue per a thousand ad supported listener hours jumped 42% versus the fourth quarter of 2012. February call option implied volatility is at 54, March and June is at 55; compared to its 26-week average of 64.

Yelp (YELP) is up $13.57 to $88.80 after the provider of on-line reviews of local businesses forecast Q1 and fiscal year 2014 revenues that topped expectations. February call option implied volatility is at 57, March is at 59, August is at 63; compared to its 26-week average of 62.

Akamai (AKAM) is up $9.68 to $57.10 after Internet the company announced stronger than expected Q4 results and provided stronger than expected first quarter guidance. Akamai February volatility elevated into Q4 and outlook. February call option implied volatility is at 29, March and May is at 35; compared to its 26-week average of 35.


Options with increasing volume @ CBOE: S CIM AVGO CHK GM ATMD DG ALU SWY CVX

CBOE DJIA Volatility Index (VXD) down 1.88 to 17.15, compared to its 10-day moving average of 17.63. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) up 2.58 to 246.32 compared to its 50-day moving average of 252.82. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) down 2.31 to 17.63. VIX February 16, 17, 18, 21, 23 and 25 calls are active at CBOE on 659K contracts.  cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) down 3.87 to 50.

S&P 100 Options (OEX) up 7.72 to $783.74 ahead of January’s jobs report on Friday.