Blogging Options: CBOE Morning Update 4.8.14

Pretty slow pre-market activity as stock futures move to the upside.  Europe lower, Asia mixed to lower.  JOLTS an hour into todays session, and Alcoa earnings after the close get the earnings season rolling.  Overall option volume at 19.8mm contracts, 900k SPX and 700k VIX.

Volatility as an asset class

CBOE Volatility Index NASDAQ 100 (VXN) at 20.04, above its 10-day moving average of 17.88.

CBOE DJIA Volatility Index (VXD) at 14.51, above 10-day moving average of 13.35.

CBOE Russell 2000 Volatility Index (RVX) at 21.93, above 10-day moving average of 20.16.

CBOE 100 Volatility Index (VXO) at 14.26, above 10-day moving average of 13.06.

CBOE S&P 500 3-month Volatility Index (VXV) at 15.90, above 10-day moving average of 15.22. www.cboe.com/micro/volatility/introduction.aspx

CBOE Crude Volatility Index (OVX) at 18.64, compared to its 10-day moving average of 19.08.

Options expected to be active @ CBOE: GIMO FB GM AA

CBOE S&P 500 PutWrite Index (PUT) at 1395.50, compared to its 10-day MA of 1404.86 and its 50-day moving average of 1385.11. cboe.com/PUT

CBOE S&P 500 BuyWrite Index (BXM) at 1036.29, compared to its 10-day moving average of 1044.05 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 257.17, compared to its 50-day moving average of 258.46 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 16.08, compared to its 10-day moving average of 13.89. 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 up 3c to 42.83 in the premarket.

CBOE Volatility Index (VIX) at 15.57, compared to its 10-day moving average of 14.09 and its 50-day moving average of 15.21 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is flat, as The Nasdaq Composite Index fell to its third consecutive decline and its biggest three-day percentage fall since November 2011.

Calls with increasing volume at CBOE:

EWJ     9/20/2014   11  16K contracts
NOK   7/19/2014     9  15K
YHOO 7/19/2014  42  13K
FOXA  7/19/2014   37  12K
FB       5/17/2014 67.50 10K
BAC    4/19/2014   17    10K
SHLD1 1/17/2015  70   10K
SPY     4/25/2014 188.50 10K
MU     7/19/2014    25     8K