Blogging Options: CBOE Morning Update 2.25.14

Bitcoin having problems this morning as Mt. Gox problems slam shares down over $100.  Macy’s misses and is off $0.91 to $52.15.  Volatility as an asset class

Toll Brothers (TOL) is up $0.05 to $38.39 in the premarket after the high end home builder reported Q1 EPS 25c, compared to consensus 18c. February weekly call option implied volatility is at 55, March is at 35, June is at 31; compared to its 26-week average of 36.

Home Depot (HD) is up $1.95 to $79.82 after reporting Q4 EPS of $0.73, compared to consensus $0.71. The home retailer increased its quarterly dividend to $0.47 from $0.39. February weekly call option implied volatility is at 38, March is at 23, April and August is at 18; compared to its 26-week average of 21.

SolarCity (SCTY) is down $1.64 to $76.89 in the premarket after the installer of solar panels and marketer of electricity issued inline Q4 results and soft Q1 guidance. February weekly call option implied volatility is at 155, March is at 87, April is at 76, July is at 69; compared to its 26-week average of 66.

Options expected to be active @ CBOE: VZ ODP LNKD BBRY ARIA TSLA VVUS SINA BIDU HD M TGT SHLD TOL ANF SODA SCTY

CBOE S&P 500 BuyWrite Index (BXM) at 1041.30, compared to its 50-day moving average of 1015.71. cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 256.35, compared to its 50-day moving average of 252.97. cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 13.55, compared to its 10-day moving average of 12.87. 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 up 6c to 42.76 in the premarket.

CBOE Volatility Index (VIX) at 14.23, compared to its 10-day moving average of 14.48 and its 50-day moving average of 14.70. cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down $0.10 to $184.81 as U.S. stocks trade near record highs into the release of home price data.

Calls with increasing volume at CBOE:

SPY 3/22/2014 189 49K contracts
QQQ 3/22/2014 99 21K
CAM 3/22/2014 62.50 20K
VXX 3/7/2014 70 13K

Puts with increasing volume at CBOE:

SPY 4/19/2014 174 30K contracts
QQQ 3/22/2014 99 21K
IWM 4/19/2014 110 17K
VZ 3/28/2014 46 13K
EFA 4/19/2014 64 13K