CBOE Mid-Day Update 10.1.14

Volatility as an asset class

General Motors (GM) is recently up 84c to $32.78 after reaffirming near-term financial targets and reporting September U.S. sales up 19.4% to 223,437 vehicles. General Motors weekly volatility elevated into CEO unveiling financial strategy. October weekly call option implied volatility is at 38, October is at 26, November is at 24, December is at 22; compared to its 26-week average of 27.

Ford (F) is recently down 15c to $14.64 after reporting September U.S. sales down 2.7% to 180,175 vehicles. October weekly call option implied is at 37, October is at 27, November is at 23, December is at 27 and January is 21; compared to its 26-week average of 22.

Honda (HMC) Honda reports September U.S. sales up 12% to 118,223 units. Overall option implied of 19 is near its 26-week average of 20.

Actives at CBOE:  AAPL TWTR TSLA NFLX PBR C AVP NFLX RIG

Stocks with increasing volume @ CBOE: AVP GTAT NBG OXY CGA ANGI CVC WMGI MSB COG DF PII BCOR RAX

CBOE Volatility Index (VIX) up 11c to 16.42. Oct 20, 24 and 25 calls active on 223K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) up 53c to 31.70.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 8c to 16.84; compared to its 10-day moving average of 14.40. stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 2.31 to 264.51 compared to its 50-day moving average of 268.34 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently down $6.54 to 874.68 as U.S. factory growth slowing more than expected.