Blogging Options: CBOE Morning Update 10.30.14

Q3 GDP came in at a 3.5% gain (+3.0% to +3.1% expected), but Personal Consumption dropped and the increase in government spending accounted for .85% to .9% of the rise.  US futures mixed to lower.  10-year 2.289%, oil lower.  Volatility as an asset class

Cirrus Logic (CRUS) is up $0.31 to $22.20 in the premarket after the high precision processing component company reported better than expected results. October weekly call option implied volatility is at 140, November is at 68, December is at 47, January is at 37; above its 26-week average of 41.

Visa (V) is up $10.74 to $225.40 following better than expected Q4 results and guidance. October weekly call option implied volatility is at 51, November is at 24, December is at 20, January is at 17; compared to its 26-week average of 22.

Akamai (AKAM) is down $1.27 to $54. in the premarket after posting Q3 earning growth of 14%. October weekly call option implied volatility is at 132, November is at 45, December is at 36, January at 32; compared to its 26-week average of 28.

CBOE Interest Rate 5 Year Note FVX @ 15.02, compared to its ten-day moving average of 14.61

Options expected to be active @ CBOE:  GLUU AKAM TTWO LNKD DWA V MA

CBOE Crude Oil Volatility Index (OVX) at 28.93, compared to its 50-day moving average of 23.23 WTI Crude oil trades near $82. CBOE.com/OVX

CBOE S&P 500 Skew Index (SKEW) at 124.18, compared to its 50-day moving average of 130.11. 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 1067.29 compared to its 10-day moving average of 1056.72 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 261.72 compared to its 50-day moving average of 265.60 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 16.78; compared to its 50-day moving average of 16.83.

CBOE 3-Month Volatility Index (VXV) at 16.89, compared to its 50-day moving average of 16.45 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 14.90, compared to its 10-day moving average of 18.47. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 41.97; above 50-day moving average of 41.53

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 94c to 31.95.

CBOE Volatility Index (VIX) at 15.15, compared to its 10-day moving average of 17.79 and its 50-day moving average of 15.27. cboe.com/VIX

CBOE Mini-SPX options (XSP) at 198.25, has weekly expirations CBOE.com/tradeXSP

S&P 500 Weekly Options (SPXW) closed at 1982.30 CBOE.com/SPXW

SPDR S&P 500 ETF Trust (SPY) is recently down 1.11 to $197 after the dollar climbed to its highest level in more than three weeks against a basket of currencies, buoyed by higher U.S. yields, after the Federal Reserve sounded less dovish on policy and met expectations by calling an end to QE.

Calls with increasing volume at CBOE:

EEM   11/22/2014   43 19K contracts
BAC   10/31/2014   17 12K
SPY    10/31/2014 200 12K
RFMD  1/17/2015   10 9K
AMAT  4/17/2015  20K 9K
AAPL 10/31/2014 108 8K
QQQ 10/31/2014 100 8K
EWZ    1/17/2015   52 8K