Blogging Options: CBOE Morning Update 9.23.14

Happy Autumnal Equinox. European stocks lead US markets lower this morning after falling ~1%+.  Airstrikes in Syria also have traders and investors on edge. Oil and gold higher, grains mixed. A few economic reports later this morning.  how ’bout them Bears!  Volatility as an asset class:

CF Industries Holdings (CF) is up $12.22 to $268.74 in the premarket after the U.S. fertilizer company confirmed that it is in preliminary discussions with Yara International ASA (YARIY) regarding a potential merger of equal’s transaction. Overall option implied volatility of 20 below its 26-week average of 24.

Herbalife (HLF) is higher by $1.10 to $41.31 after shares trading at a 15-month low on September 22. September weekly call option implied volatility is at 119, October weekly is at 87, October is at 74, November is at 72, January is at 65; compared to its 26-week average of 52.

Teucrium Corn Fund (CORN) is off $0.15 to $23.39 as corn trades near four-year lows. Overall option implied volatility of 23 is near its 26-week average of 24.

CBOE Gold Volatility Index (GVZ) closed at 16.44, above its 50-day moving average of 14.56.  cboe.com/GVZ

Options expected to be active @ CBOE: YHOO CF HLF AZN TKMR SHPG COV BKW

CBOE S&P 500 BuyWrite Index (BXM) at 1096.96 compared to its 10-day moving average of 1105.86 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 268.37 compared to its 50-day moving average of 268.86 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 15.51; compared to its 50-day moving average of 14.12.

CBOE S&P 500 Short-Term Volatility Index (VXST) at 13.46, compared to its 10-day moving average of 12.66. 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 up 65c to 28.83.

CBOE Volatility Index (VIX) at 13.69, compared to its 10-day moving average of 12.98 and its 50-day moving average of 13.07 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down 71c to $198.45 on Treasury Secretary Jack Lew’s crackdown on corporate inversions, allies carrying out strikes against targets inside portions of Syria and Euro zone growth slowing.

Calls with increasing volume at CBOE:

VXX  10/18/2014    30  26K contracts
SPY     9/30/2014  201 14K
AAPL   9/26/2014 102 12K
EWZ  12/20/2014   52 10K
FXI       1/17/2015   42   7K
ANR     3/20/2015    4    7K