CBOE Mid-Day Update 11.4.14

Volatility as an asset class

Herbalife (HLF) is recently down $11 to $44.89 after the nutrition company reported weaker than expected Q3 results and estimated that its sales would decline in Q4. November weekly call option implied volatility is at 114, November is at 108, December is at 92, January is at 94; compared to its 26-week average of 53.

Michael Kors (KORS) is recently $6.25 to $71.80 following less than expected earnings and guidance from the luxury accessory designer.  November weekly call option implied volatility is at 42, November is at 34, December is at 31, January is at 29, February is at 31; compared to its 26-week average of 35.

Sprint (S) is recently down $1.06 to $5.16 to after cut its full-year EBITDA guidance. November weekly call option implied volatility is at 84, November and December is at 54, January is at 51, May is at 48; compared to its 26-week average of 50.

Actives at CBOE:  AAPL C PBR TSLA AMZN GILD NFLX FB TWTR BABA

Options with increasing volume at CBOE: ARCP GERN X LVS

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) up 9.7% to 27.95, WTI below $77 www.cboe.com/micro/VIXETF/VXXLE/

CBOE Volatility Index (VIX) is recently up 3.5% to 15.24; November 19 calls and November 15 puts active on 202K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures ETN (VXX) is recently up 45c to 31.26.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 54c to 15.32; compared to its 10-day moving average of 15.25 stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) is recently down 1c to 262.43 compared to its 50-day moving average of 265.04 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently down 2.92 to 892.28 as energy share prices move lower on WTI Crude trading below $77.