Blogging Options: CBOE Morning Update 9.19.14

Alibaba.  No for Scotland. Triple Witch.  AAPL phone.  Stocks open higher on Scottish vote and follow through to yesterday’s rally. Lots of investors shut out on BABA IPO.  Options on BABA 9/29.  Volatility as an asset class:

Yahoo (YHOO) saw profit takers  move the shares to unchanged after being up $0.60 in the pre-market, as Alibaba (BABA) 320.1M shares IPO priced at $68.  September call option implied volatility is at 105, September weekly is at 77, October is at 56,  November is at 44, January is at 36; compared to its 26-week average of 35.

Red Hat (RHT) is down $2.36 to $58.30 after reporting less than expected Q2 results. September call option implied volatility is at 92, October is at 36, December is at 29; compared to its 26-week average of 30.

Oracle (ORCL) is off $1.25 to $40.30 following a Q1 earnings miss and a CEO transition. September call option implied volatility is at 51, October is at 22, December is at 19; compared to its 26-week average of 23.

Options expected to be active @ CBOE: YHOO ORCL RHT TIBX CNCR SAP

CBOE Equity Options volume: 1,228,861 call, 762,798 put, 1,991,659 total

CBOE S&P 500 BuyWrite Index (BXM) at 1108.94 compared to its 10-day moving average of 1107.17 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 270.88 compared to its 50-day moving average of 268.89 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 13.51; compared to its 50-day moving average of 14.03.

CBOE S&P 500 Short-Term Volatility Index (VXST) at 11.05, compared to its 10-day moving average of 12.48. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

iPath S&P 500 VIX Short-Term Futures (VXX) at 27.20.

CBOE Volatility Index (VIX) at 12.03, compared to its 10-day moving average of 12.88 and its 50-day moving average of 13 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is recently down 32c to $201.82 as British markets and Europe rallied as Scotland voted to stay in the United Kingdom.

Calls with increasing volume at CBOE:

VXX    10/3/2014   35    55K
SPY  10/18/2014 196    22K
PBR 11/22/2014   23    20K
QQQ 9/26/2014 100.50 19K
PBR 11/22/2014   21    18K