Blogging Options: CBOE Morning Update 9.29.14

US Futures down sharply, with DJIA futures off 145 points and S&P 500 futures lower by16 points.  VIX Futures have traded ~26 K contracts in the early session this morning.   Asian markets off 1.5% to 2% on unrest in Hong Kong – a reported 100k protesters in streets yesterday,  Personal Income for August higher by 0.3%, Spending up 0.5%.  NABA announced that Q4 growth in US is expected to come in at 3%, off from 3.1%.  10-year yield drops to 2.488%.  Air traffic in US expected to be disrupted for next three weeks.  Volatility as an asset class:

Athlon Energy is up $11.40 to $58.13 in the premarket on Encana (ECA) acquiring the Texas based energy company for $5.93B, $58.50 per share. Overall volatility of 39 is at its 26-week average of 28.

EnCana (ECA) overall volatility of 30 is near its 26-week average of 28.

TIBCO Software (TIBX) is up $4.08 to $23.63 on Vista Equity Partners acquiring for $4.3B, $24 per share in cash. Overall option implied volatility of 50 is above its 26-week average of 36.

Options expected to be active @ CBOE: TIBX ECA ATHL DWA CALM PSDV WAG

Alibaba (BABA) options begins trading today at CBOE

CBOE S&P 500 Skew Index (SKEW) at 130.49, compared to its 50-day moving average of 132.46. SKEW measures the purchase of out-of-the-money S&P 500 Index puts that require a very large downside move to profit from long put positions. An increase of this index indicates greater expectations for an extreme down move.

CBOE S&P 500 BuyWrite Index (BXM) at 1092.98 compared to its 10-day moving average of 1100.07

CBOE DJIA BuyWrite Index (BXD) at 267.70 compared to its 50-day moving average of 268.65

‏CBOE Nasdaq-100 Volatility Index (VXN) at 16.85; compared to its 50-day moving average of 14.31.

CBOE S&P 500 Short-Term Volatility Index (VXST) at 15.04, compared to its 10-day moving average of 13.46. VXST is a market-based gauge of expectations of 9-day

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 85c to 30.22.

CBOE Volatility Index (VIX) at 14.85, compared to its 10-day moving average of 13.60 and its 50-day moving average of 13.26

SPDR S&P 500 ETF Trust (SPY) is recently down $1.04 to $196.86 after Pro-democracy protests in Hong Kong caused 17 banks and many other businesses on the island to close.

Calls with increasing volume at CBOE Friday:

AAPL   9/26/2014  100  23K contracts
SPY     9/26/2014   198  15K
IWM 10/18/2014   114  12K

Puts with increasing volume at CBOE:

SPY 10/18/2014  188  45K contracts
EFA 12/20/2014    58  25K