Blogging Options: CBOE Morning Update 4.21.14

Lots of earnings reports this morning, most meet or exceed estimates slightly.  GM in another recall.  Japan with huge trade deficit.  Many European markets closed for Easter celebration.  Playoffs not going well in Chicago.  Volatility as an asset class 

Halliburton (HAL) is up $0.46 to $61.51 in the premarket on a Q1 profit compared to a year-earlier period loss that was impacted by a charge related to litigation from the 2010 Deepwater Horizon disaster.   April weekly call option implied volatility is at 31, July is at 22, October is at 23; compared its 26-week average of 25.

AstraZeneca (AZN) is up $3.56 to $6705, as Pfizer (PFE) is said to have approached to propose a $101B takeover, says the Sunday Times. Overall option implied volatility of 20 is above its 26-week average of 18.

Sarepta (SRPT) is up $15.50 to $39.50 in the premarket on plans to submit NDA for Eteplirsen by year end 2014. Overall option implied volatility of 145 is above its 26-week average of 104.

Options expected to be active @ CBOE: AZN PFE HAL STI NFLX AMGN CREE VMW CMCSA SRPT ABX NEM

CBOE S&P 500 PutWrite Index (PUT) at 1409.75, compared to its 10-day MA of 1398.26 and its 50-day moving average of 1394.64. cboe.com/PUT

CBOE S&P 500 BuyWrite Index (BXM) at 1048.92, compared to its 10-day moving average of 1038.85 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 260.47, compared to its 50-day moving average of 256.76 cboe.com/micro/bxd/

CBOE S&P 500 Short-Term Volatility Index (VXST) at 11.68, compared to its 10-day moving average of 14.68. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2


iPath S&P 500 VIX Short-Term Futures (VXX) recently down 6c to 41.65

CBOE Volatility Index (VIX) at 13.36, compared to its 10-day moving average of 15.04 and its 50-day moving average of 14.69 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is recently down 0.13 to $186.46 on the cautious tone in Asian markets due to the Ukraine situation.

Calls with increasing volume at CBOE:
XLP 5/17/2014 44 48K contracts
SPY 4/19/2014 186 45K
TLT 7/19/2014 113 30K
IWM 4/19/2014 113 19K
LYG 4/19/2014 5 15K
AAPL 4/19/2014 525 12K