Blogging Options: CBOE Morning Update 10.31.14

BOJ cranked up QE again, pushing overseas shares higher.  Personal Income up 0.2% in September (+0.3$ August), Spending off 0.2%.  Omega bids for AVIV shares.  XOM earned $1.89 vs. $1.71, Chevron (CVX) reported a gain of $2.95 vs. $2.55.  CVX revenues dropped $3.5B for the quarter, both companies helped with downstream (refining) as oil prices fell.  XOM & CVX both higher in the premarket, and both are DJIA components. Halloween tonight, change your clocks (fall back) Saturday night.  Volatility as an asset class:

LinkedIn (LNKD) is up $16.10 to $219 in the premarket on better than expected Q3 earnings and unique visiting members. October weekly call option implied volatility is at 174, November is at 58, December is at 49, January at 43; compared to its 26-week average of 46.

GoPro (GPRO) is up $10.72 to $79 on Q3 EPS 12c, compared to consensus 8c. Q3 revenue was $280M, compared to consensus $263M. October weekly call option implied volatility is at 189, November is at 78, December is at 67, January is at 55; compared to its 13-week average of 60.

Groupon (GRPN) is up $0.51 to $6.50 in the premarket after reporting a Q3 beat and guiding Q4 below analyst estimates. October weekly call option implied volatility is at 120, November is at 71, December is at 65, January is at 54; above its 26-week average of 60.

Options expected to be active @ CBOE:  XOM CVX GRPO SBUX LNKD GPRO GLD

CBOE Crude Oil Volatility Index (OVX) at 30.45, compared to its 50-day moving average of 23.48 WTI Crude oil trades near $81. CBOE.com/OVX

CBOE S&P 500 Skew Index (SKEW) at 121.02, compared to its 50-day moving average of 129.82. 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 1068.06 compared to its 10-day moving average of 1060.49 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 262.18 compared to its 50-day moving average of 265.46 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 16.61; compared to its 50-day moving average of 16.90.

CBOE 3-Month Volatility Index (VXV) at 16.75, compared to its 50-day moving average of 16.51 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 14, compared to its 10-day moving average of 16.82. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 42.12; compared to its 50-day moving average of 41.62

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 1.10 to 30.04.

CBOE Volatility Index (VIX) at 14.52, compared to its 10-day moving average of 16.72 and its 50-day moving average of 15.32. cboe.com/VIX

CBOE Mini-SPX options (XSP) at 199.45, has weekly expirations CBOE.com/tradeXSP

S&P 500 Weekly Options (SPXW) closed at 1994.65 CBOE.com/SPXW

SPDR S&P 500 ETF Trust (SPY) is up 2.15 to $201.53 on stimulus measures implemented by the Bank of Japan.

Calls with increasing volume at CBOE:

AMAT   1/17/2015   22 20K contracts
MPC     1/17/2015   90  15 K
SPY    10/31/2014 200  14K
AAPL 10/31/2014 107  11K
XLF    12/20/2014   24  10K
INTC  11/22/2014   34  10K
IWM 10/31/2014 110 8K
CMCSA 1/17/2015 55 8K