Blogging Options: CBOE Morning Update 4.17.14

Expiration Thursday.   Weekly jobless Claims better than expected.  GS misses on earnings but bullish comments push shares higher. No news in Ukraine is good news for markets.

IBM (IBM) is down $8.10 to $188.30 in the premarket after meeting earnings estimates of $2.54 per share but reporting its lowest quarterly revenue total in five years. April call option implied volatility is at 35, May is at 22, June is at 16; compared to its 26-week average of 19.

Google (GOOG) is down $11.04 to $545.50 after the web search company reported Q1 revenue increased 22% from the previous year, but EPS & Revenue missed. April call option implied volatility is at 93, May is at 34, June is at 29, September is at 24; compared to its 26-week average of 23.

American Express (AXP) is trading mixed to lower $0.70 in the premarket after saying Q1 earnings rose due to expense controls and higher revenue. Overall option implied volatility of 25 is above its 26-week average of 21.

Options expected to be active @ CBOE: AAPL FB HON MS NFLX GOOG IBM AXP

CBOE S&P 500 PutWrite Index (PUT) at 1409.13, compared to its 10-day MA of 1398.87 and its 50-day moving average of 1392.88. cboe.com/PUT

CBOE S&P 500 BuyWrite Index (BXM) at 1047.82, compared to its 10-day moving average of 1039.20 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 260.64, compared to its 50-day moving average of 256.43 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 13.52, compared to its 10-day moving average of 14.76. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) recently up 30c to 42.65

CBOE Volatility Index (VIX) at 14.18, compared to its 10-day moving average of 15.04 and its 50-day moving average of 14.83 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down 0.22 to $185.90 following Wednesday’s dovish speech by Fed leader Janet Yellen.

Calls with increasing volume at CBOE:
XLK 6/21/2014 38 43K contracts
SPY 5/17/2014 180 25K
BAC 4/19/2014 16 21K
SIRI 5/17/2014 3.50 21K
HST 5/17/2014 21 15K
QQQ 4/19/2014 86 15K