Blogging Options: CBOE Morning Update 11.4.14

Exports slowed this past month, with imports unchanged.  Oil fell to 4-year low.  Stocks and Treasuries fell modestly.  Volatility as an asset class

Alibaba (BABA) gained $1,42 to $103.22 on Q3 revenue and growth in line with expectations. November weekly call option implied volatility is at 96, November is at 50, December is at 42, January is at 37; compared to its 4-week average of 39.

AIG (AIG) opened modestly lower at $53.20, off $0.60 on Q3 net income rising 1% to $2.2B. November weekly call option implied volatility is at 38, November is at 22, December is at 19, January is at 20; compared to its 26-week average of 22.

CBOE Interest Rate 5 Year Note (FVX) at 16.34 into Oct monthly jobs report @ end of the week

Options expected to be active @ CBOE:  BABA HLF NUS S RIG JPM MSFT HLT PBR KORS VALE RIG YHOO  PCLN

Equity options volume on Nov 3, 2014 @ CBOE: 1,157,725 calls, 702,597 puts, 1,860,322 total

CBOE Crude Oil Volatility Index (OVX) at 31.85, compared to its 50-day moving average of 24.05 WTI Crude oil trades below $77. CBOE.com/OVX

CBOE S&P 500 Skew Index (SKEW) at 124.64, compared to its 50-day moving average of 129.39. 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 1069.50 compared to its 10-day moving average of 1064.80 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 262.44 compared to its 50-day moving average of 265.19 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 16.42; compared to its 50-day moving average of 17.05.

CBOE 3-Month Volatility Index (VXV) at 16.80, compared to its 50-day moving average of 16.64 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 14.77, compared to its 10-day moving average of 15.35. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 41.75; compared to its 50-day moving average of 41.77

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 21c to 31.02.

CBOE Volatility Index (VIX) at 14.73, compared to its 10-day moving average of 15.54 and its 50-day moving average of 15.44. cboe.com/VIX

CBOE Mini-SPX options (XSP) at 201.80, has weekly expirations CBOE.com/tradeXSP

S&P 500 Weekly Options (SPXW) closed at 2017.80 CBOE.com/SPXW

SPDR S&P 500 ETF Trust (SPY) is down 41c to $201.36 as many head to the polls for the midterm elections. Republicans hope to win back the Senate which has been controlled by the Democrats under President Obama, resulting in a stalemate on many issues in Washington.

Calls with increasing volume at CBOE:

SPY  11/14/2014  206  27K contracts
FB    11/22/2014    85  13K
AAPL  11/7/2014 110  13K
BAC   1/17/2015    17  11K
USO 11/22/2014 30.50 10K
F       11/14/2014   14  10K