Blogging Options: CBOE Morning Update 11.14.14

Stocks look to open slightly higher after a DJIA record close and a NASDAQ 14-year high.  Retail Sales for October at +0.3% beat, X-Auto also up 0.3%.  Nordstrom sales exceed expectations.  Talk of FED tightening swirl on trading floor.  Soft economic news out of Europe and Russia sabre rattling a drag on overseas markets.  Volatility as an asset class

SINA (SINA) is down $1.75 to $40.10 the premarket after the Chinese internet portal company reported a lower than expected Q3 profit. November weekly call option implied volatility is at 127, December is at 41, January is at 39; compared to its 26-week average of 46.

Youku.com (YOKU) is is recently down $1 to $20.25 after the Chinese internet television company reported a Q3 miss and soft Q4 outlook and outlook. November call option implied volatility is at 70, December is at 52, January is at 45; compared to its 26-week average of 49.

Hertz (HTZ) is down 51c to $22.38 in the premarket after outlining a new rental car strategy. November call option implied volatility is at 84, December is at 59, January is at 54, March is at 47; compared to its 26-week average of 43.

Options expected to be active @ CBOE:  BHI HAL SLB BABA PBR BP SINA GERN JWN HTZ

CBOE/CBOT 10-year U.S. Treasury Note Volatility (VXTYN) at 5.39; compared to 52-week low of 1.69 and high of 14.58 www.cboe.com/vxtyn

CBOE Crude Oil Volatility Index (OVX) at 31.20, compared to its 50-day moving average of 26.27 WTI Crude oil trades near $75. CBOE.com/OVX

CBOE S&P 500 Skew Index (SKEW) at 128.96, compares to its 50-day moving average of 128.42. 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 1070.57 compared to its 10-day moving average of 1070.19 cboe.com/BXM

CBOE DJIA BuyWrite Index (BXD) at 262.82 compared to its 50-day moving average of 264.03 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 14.55; compared to its 50-day moving average of 17.41.

CBOE 3-Month Volatility Index (VXV) at 15.89, compared to its 50-day moving average of 16.93 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 11.97, compared to its 10-day moving average of 12.67. VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 38.64; compared to its 50-day moving average of 42.

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 30c to 28.87.

CBOE Volatility Index (VIX) at 13.79, compared to its 10-day moving average of 13.70 and its 50-day moving average of 15.67. cboe.com/VIX

CBOE Mini-SPX options (XSP) at 203.95, has weekly expirations CBOE.com/tradeXSP

S&P 500 Weekly Options (SPXW) closed at 2039.45 CBOE.com/SPXW

SPDR S&P 500 ETF Trust (SPY) is recently down 19c to $204 as global bonds are modestly higher and oil trends lower.

Calls with increasing volume at CBOE:
AAPL 11/14/2014 114 15K contracts
SPY    11/14/2014 204 12K
DOW 11/22/2014    48   9K

Puts with increasing volume at CBOE:
SPY 11/14/2014 203 23K contracts
VXX   1/17/2015  25  16K
JCP 11/22/2014     7  15K
AA  12/20/2014  15  15K