Blogging Options: CBOE Mid-Morning Update 10.22.14

Economic reports at the opening not helping stocks move one way or the other. SPY of $0.40.   Volatility as an asset class

Yahoo (YHOO) is up $2.32 to $42.509 after reporting Q3 EPS 52c, compared to consensus 30c. October weekly call option implied volatility is at 69, November is at 42, December is at 37, January is at 35; compared to its 26-week average of 35.

EMC (EMC) is up fractionally to $2.20 in the premarket on Q3 revenue rising 8.3%. October weekly call option implied volatility is at 52, November is at 29, December is at 26, January is at 25; compared to its 26-week average of 21.

Broadcom (BRCM) is up $2.77 to $40.20 after the chip company on a Q3 profit and seeing Q4 revenue in line with estimates. October weekly call option implied volatility is at 65, November is at 28, December is at 27, January is at 25; compared to its 26-week average of 27.

Options expected to be active @ CBOE: YHOO ISRG BRCM CREE VMW PII PBR EWZ OCN LL SIX YELP DDD IRBT TKMR ANGI

CBOE Equity Options Volume; 1,360,425 calls, 821,370 puts, 2,181,795 total

CBOE Crude Oil Volatility Index (OVX) at 27.14, compared to its 50-day moving average of 21.73. WTI Crude oil trades near $83. CBOE.com/OVX

CBOE S&P 500 Skew Index (SKEW) at 129.17, compared to its 50-day moving average of 130.88. 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 1060.54 compared to its 10-day moving average of 1050.11 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 259.67 compared to its 50-day moving average of 266.41 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 18.21; compared to its 50-day moving average of 16.28.

CBOE 3-Month Volatility Index (VXV) at 17.87, compared to its 50-day moving average of 16.07 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 16.37, compared to its 10-day moving average of 23.12. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 44.59; above 50-day moving average of 40.93

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 27c to 32.71.

CBOE Volatility Index (VIX) at 16.08, compared to its 10-day moving average of 21.06 and its 50-day moving average of 14.89. cboe.com/VIX

CBOE Mini-SPX options (XSP) at 194.13, has weekly expirations CBOE.com/tradeXSP

S&P 500 Weekly Options (SPXW) closed at 1941.30 CBOE.com/SPXW

SPDR S&P 500 ETF Trust (SPY) is recently up 5c to $194.12 as earnings season is producing better than expected earnings.

Calls with increasing volume at CBOE:

SPY 11/22/2014 210 150K contracts
QQQ 11/22/2014 105 140K
EBAY 11/28/2014 51 20K
AAPL 10/24/2014 102 11K

Puts with increasing volume at CBOE:

SPY 11/22/2014 179 41K contracts
VXX 1/17/2015 25 24K