Blogging Options: CBOE Mid-day Update 3.11.14

Volatility as an asset class

Urban Outfitters (URBN) is recently down $1.88 to $35.63 after Q4 profit improved 7.4% . April call option implied volatility is at 27, June and September is at 28; compared to its 26-week average of 31.

J.C. Penney (JCP) is recently up 39c to $8.83 after Citigroup’s upgrade to Buy. Oppenheimer say’s the retailer is unlikely to rebound significantly soon. March call option implied volatility is at 64, April is at 62, August are at 60; compared to its 26-week average of 82.

Actives @ CBOE:  AAPL TSLA MCD TWTR C BAC

Options with increasing volume @ CBOE: BYD JBHT MGA JIVE URBN BIG

CBOE S&P 500 Short-Term Volatility Index (VXST) up 28c to 13.42, compared to its 10-day moving average of 13.30. VXST is a market-based gauge of expectations of 9-day volatility cboe.com/vxst

CBOE DJIA BuyWrite Index (BXD) down 7c to 258.45, compared to its 50-day moving average of 254.18. cboe.com/micro/bxd/

CBOE Volatility Index (VIX) recently up 8c to 14.28. VIX March 15 and 16 calls are active at CBOE on 305K contracts cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) recently down 4c to 43.70.

S&P 100 Options (OEX) recently down 3.68 to $823.42 after U.S., wholesale inventories rose 0.6% in January, beating expectations for an increase of 0.4%.