Blogging Options: CBOE Morning Update 2.14.14

January Import Prices up 0.1%, Export Prices higher by 0.2%.  U of M Sentiment as well as Industrial Production and Capacity Utilization later this morning.  JOSB to guy Eddie Bauer. NIKKEI off 1.5% this morning. Gold higher by $15, UPS raises dividend.  Long weekend and bad weather out East – slow afternoon?.

Volatility as an asset class

AIG (AIG) is off $0.30 to $49.29 in the premarket after reporting Q4 EPS $1.15, compared to consensus 96c. February weekly option implied volatility is at 96, March is at 33, April is at 25, May is at 26; compared to its 26-week average of 26.

Weight Watchers (WTW) is down $6.68 to $23.90 after its outlook missed expectations. February call option implied volatility is at 116, March is at 60, July is at 40; compared to its 26-week average of 43.

Cliffs Natural (CLF) is up $1.45 to $23.35 in the premarket after the miner reported better-than-expected earnings. February weekly call option implied volatility is at 123, March is at 62, July is at 47; compared to its 26-week average of 48.

Options expected to be active @ CBOE: SJM CLF WTW AIG TSLA M YHOO TRLA BKW JCP

CBOE S&P 500 BuyWrite Index (BXM) at 1029.44, compared to its 50-day moving average of 1011.52. cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 253.60, compared to its 50-day moving average of 252.37. cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) closed at 12.06, compared to its 10-day moving average of 17.01. 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 recently down 18c to 42.41 in the premarket.

CBOE Volatility Index (VIX) at 14.14, compared to its 10-day moving average of 16.96 and its 50-day moving average of 14.68. cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down $0.11 to $182.90 as euro zone growth pushed the euro to a three-week high.

Calls with increasing volume at CBOE:

MSFT 5/17/2014 33 61K contracts
WAG 7/19/2014 62.50 23K
SPY 2/22/2014 186 22K
AMAT 1/17/2015 22 21K
VXX 3/22/2014 56 10K

Puts with increasing volume at CBOE:

GM 2/14/2014 34.50 23K contracts
SPY 4/19/2014 169 15K
XOM 2/22/2014 90 13K
AVP 3/22/2014 15 11K
VXX 2/22/2014 41 10K
NOK 1/17/2015 7 10K

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