CBOE Mid-Day Update 10.17.14

Volatility as an asset class

Honeywell (HON) is recently up $3.39 to $89.77 on solid Q3 results and raising FY14 EPS guidance. November call option implied volatility is at 20, December and January is at 19, March is at 20; compared to its 26-week average of 18.

Morgan Stanley (MS) is recently up 83c to $33.36 after reporting better than expected Q3 revenue of $8.9B, compared to consensus $8.17B. October weekly call option implied volatility is at 30, November is at 30, December and January is at 25; compared to its 26-week average of 24.

Textron (TXT) is recently up $4.63 to 38.35 on a better than expected Q3 and outlook. November call option implied volatility is at 32, December is at 30, January is 27, March is at 28; compared to its 26-week average of 27.

Actives at CBOE:  AAPL PBR TWTR TSLA NFLX AMZN FB BAC TSLA CLF C DAL CMCSA AMZN

Stocks with increasing volume @ CBOE: High option volume stocks: COV IBM SOHU WPZ THOR FCG CECO

CBOE Volatility Index (VIX) is recently down $4.47 to 20.74; Oct 20, 25, 27 & 30 calls active on 366K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures ETN (VXX) is recently down 2.87 to 37.46.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 7.16 to 23.32; compared to its 10-day moving average of 22.71. stks.co/r0CS2

S&P 100 Options (OEX) recently is recently up 13.28 to 843.06 as stocks rally on better than expected corporate earnings.