Blogging Options: CBOE Morning Update 4.14.14

Overseas markets mixed as tensions rise again in Ukraine, Traders talking about story from a Wall St. firm with in-depth report on VIX and market direction.

Volatility as an asset class

Citigroup (C) is up $1.34 to $47.10 in the premarket after reporting Q1 EPS ex CVA/DVA $1.30, consensus $1.14  April call option implied volatility is at 43, May is at 27, June is at 25; compared to its 26-week average of 25.

Facebook (FB) is up $1.03 to $59.56 on the social media internet portal looking to provide financial services for users, Financial Times reports. April call option implied volatility is at 45, April weekly is at 78, May is at 63, June is at 49; compared to its 26-week average of 44.

Yahoo (YHOO) is higher by $0.54 to $33.40 after being upgraded to Buy from Neutral at SunTrust. April call option implied volatility is at 57, May is at 46, June is at 39, October is at 38; compared to its 26-week average of 35.

Options expected to be active @ CBOE: C WBMD BAC GOOGL KO IBM KO PNC USB

CBOE S&P 500 PutWrite Index (PUT) at 1376.35, compared to its 10-day MA of 1403.24 and its 50-day moving average of 1389.23. cboe.com/PUT

CBOE S&P 500 BuyWrite Index (BXM) at 1021.52, compared to its 10-day moving average of 1042.80 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 254.32, compared to its 50-day moving average of 255.60 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 17.64, compared to its 10-day moving average of 14.12. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 35c to 44.40 in the premarket.

CBOE Volatility Index (VIX) at 17.03, compared to its 10-day moving average of 14.46 and its 50-day moving average of 15.09 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) has reversed course and is up, at $182.40, ignoring  Ukrainian tension.

Calls with increasing volume at CBOE:
GM    6/21/2014   26K contracts
SIRI    6/21/2014   3.50 20K
QQQ 4/19/2014   86 14K
TLT    7/19/2014  113 14K
SPY   4/11/2014  183 13K
GM   6/21/2014 35 12K
VXX 5/17/2014   55 10K