CBOE Mid-Day Update 10.16.14

Volatility as an asset class

Chesapeake Energy (CHK) is recently up $2.80 to $20.61 after the energy company announced that it sold Marcellus and Utica shale assets to Southwestern Energy (SWN) for $5.375B.

October weekly call option implied volatility is at 65, November is at 51, December is at 48; compared to its 26-week average of 32.

Energy Select Sector SPDR (XLE) is recently up 47c to $81.03 as WTI oil trades near four-year lows. October call option implied volatility is at 38, October weekly is at 45, November is at 30, December is at 29; compared to its 26-week average of 15.

eBay (EBAY) is recently down $2.39 to $47.31 after reporting roughly in-line Q3 results but cut its FY14 guidance. October call option implied volatility is at 34, November is at 30, January is at 29; compared to its 26-week average of 27.

Actives at CBOE:  AAPL PBR TWTR TSLA NFLX AMZN FB BAC TSLA C HPQ AMZN

Stocks with increasing volume @ CBOE: High option volume stocks: HBAN YGE PFF NVAX ASH TSM ZOES MYCC NMM TTPH

CBOE Volatility Index (VIX) is recently down 3c to 26.24; Oct 22, 24, 25 & 29 calls active on 855K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures ETN (VXX) is recently up 1.76 to 41.19.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 0.1% to 31.10; compared to its 10-day moving average of 21.83. stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 49c to 252.83 compared to its 50-day moving average of 266.76 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently down 3.54 to 828.10 on jobless claims and Federal Reserve governor