Blogging Options: CBOE Morning Update 11.05.14

US stock futures higher on Republican Senate victory last night. Some voters in Chicago finished voting at 3:00am due to new voting rules implemented at the last minute. Those in line for 5 to 8 hours get our admiration.  Illinois elected a Republican Governor in a big upset.  Talking heads on the business channels will be discussing which stocks will benefit with the change in the Upper Chamber in DC.  Watch VIX.  Volatility as an asset class:

EOG Resources (EOG) is up $5.13 to $95.41 in the premarket after the energy company reported solid Q3 results and raised FY14 crude oil, condensate production growth target to 31% from 29%. November weekly call option implied volatility is at 52, November is at 42, December is at 37, January is at 36; compared to its 26-week average of 28.

TripAdvisor (TRIP) is down $10.84 to $72.93 following weaker than expected Q3 results. November weekly call option implied volatility is at 113, December is at 65, December is at 47, January is at 37; compares to its 26-week average of 45.

FireEye (FEYE) is down $6.10 to $28.15 after the cyber security company increased research spending to expand its customer base. November weekly call option implied volatility is at 158, November is at 77, December is at 62, March is at 52; compared to its 26-week average of 64.

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:  TSLA CBS FEYE TRIP Z WFM BABA PBR NUS ZNGA FB.

Equity options volume on Nov 4, 2014 @ CBOE: 1,019,783 calls, 679,470 puts, 1,699,253 total

CBOE Crude Oil Volatility Index (OVX) at 33.13, compared to its 50-day moving average of 24.38 WTI Crude oil trades below $77. CBOE.com/OVX

CBOE S&P 500 Skew Index (SKEW) at 124.19, compared to its 50-day moving average of 129.17. 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 1069.42 compared to its 10-day moving average of 1065.10 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 262.60 compared to its 50-day moving average of 265.04 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 16.57; compared to its 50-day moving average of 17.14.

CBOE 3-Month Volatility Index (VXV) at 16.93, compared to its 50-day moving average of 16.71 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 14.81, compared to its 10-day moving average of 15.20. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 41.33; compared to its 50-day moving average of 41.86

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 47c to 30.15.

CBOE Volatility Index (VIX) at 14.89, compared to its 10-day moving average of 15.42 and its 50-day moving average of 15.50. cboe.com/VIX

CBOE Mini-SPX options (XSP) at 201.20, has weekly expirations CBOE.com/tradeXSP

S&P 500 Weekly Options (SPXW) closed at 2012.10 CBOE.com/SPXW

SPDR S&P 500 ETF Trust (SPY) is up $1.12 to $202.19 as U.S. Dollar gains, as Republicans have taken control of the U.S. Senate, extended their majority in the House and captured key gubernatorial seats

Calls with increasing volume at CBOE:

FXI      2/20/2015    44   47K contracts
SPY   12/20/2014 210   31K
WFC    1/17/2015 52.50 26K
QQQ 11/22/2014 106  10K

Puts with increasing volume at CBOE:

SPY      3/20/2015 140   22K contracts
MBI      1/15/2016   10   16K
GERN 11/22/2014 2.50 15K