Blogging Options: CBOE Mid-day Update 2.12.14

Volatility as an asset class

TripAdvisor (TRIP) is recently up $7.69 to $91.98 after the hotel-review company reported better than expected results. February call option implied volatility is at 33, March is at 32, June is at 35; compared to its 26-week average of 40.

Fossil (FOSL) is recently up $5.23 to $122.11 after the fashion-accessories retailer reported better than expected Q4 results. February weekly call option implied volatility is at 55, March is at 30, June is at 34; compared to its 26-week average of 40.

Procter & Gamble (PG) is recently down $1.62 to $77.22 after the Dow member said it expects foreign currency adjustments to impact results. As a result, P&G said it now sees core earnings growth for fiscal 2013 of 3%-5% over the prior year, down from a prior outlook of 5%-7% growth. February call option implied volatility is at 16, March and June is at 17; compared to its 26-week average of 17.

Active @ CBOE: AAPL TSLA AMZN TWTR C VXX CSCO MU MSFT

Options with increasing volume @ CBOE: WLT CLF ECA CAM ETRM TRMB ECA AFL

CBOE DJIA Volatility Index (VXD) recently down 1c to 14.09, compared to its 10-day moving average of 16.78. cboe.com/VXD

CBOE DJIA BuyWrite Index (BXD) recently up 15c to 252.51 compared to its 50-day moving average of 252.31. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) recently down 8c to 14.43. VIX February 15, 17, 20, 22 calls and February 16 puts are active at CBOE on 307K contracts. cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) recently down 43c to 43.38.

S&P 100 Options (OEX) recently down 70c to $805.06 after China, exports were reported to have risen 10.6% in January compared to a year earlier, which was more than five times market forecasts for a 2% rise.