CBOE Mid-Day Update 10.20.14

Volatility as an asset class

IBM (IBM) is recently down $12.25 to $169.80 after reporting a 4% decrease in quarterly revenue and no longer expects ‘at least’ $20 operating EPS in 2015. October weekly call option implied volatility is at 31, November is at 20, January is at 19; compared to its 26-week average of 19.

Halliburton (HAL) is recently up 31c to $52.89 after reporting better than expected Q3 earnings. October weekly call option implied volatility is at 57, November is at 43, January is at 34; compared to its 26-week average of 27.

NewLink (NLNK) is recently up $5.59 to $34.94 after announcing a worldwide license agreement for NLG919 development. November call option implied volatility is at 113, December is at 141, January is at 178; compared to its 26-week average of 104.

Actives at CBOE:  AAPL PBR TWTR SHLD NFLX TSLA

Stocks with increasing volume @ CBOE: High option volume stocks: AA KO SUNE BBRY IBM HLF PBR CMG AA BP BBRY NCR DNKN

CBOE Volatility Index (VIX) is recently down $2.55 to 19.44; Oct 20, 21, 22 & 25 calls active on 524K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures ETN (VXX) is recently down 2.01 to 36.57

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 2.79 to 21.02; compared to its 10-day moving average of 23.33. stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) at 257.29 compared to its 50-day moving average of 266.51 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently up 2.74 to 843.66 as IBM hits a 52