CBOE Mid-Day Update 12.19.14

Volatility as an asset class

CarMax (KMX) is recently up $5.76 to $66.29 on better than expected Q3 results and customer traffic growth. January call option implied volatility is at 28, April is at 31; compared to its 26-week average of 32.

Finish Line (FINL) is recently down $5.63 to $23.28 after lowering its earnings outlook for the year on margin pressures. January call option implied volatility is at 34, February is at 35; compared to its 26-week average of 34.

Xerox (XRX) is recently up 34c to $14.23 after announcing that it will sell its IT outsourcing business to Atos for $1.05B and announced it is lowering guidance. January call option implied volatility is at 22, April is at 24; compared to its 26-week average of 25.

CBOE/CBOT 10-year U.S. Treasury Note Volatility (VXTYN) down 3.22% to 5.41; 52-week low 1.69, high 14.58 www.cboe.com/vxtyn

CBOE Interest Rate 5 Year Note (FVX) is recently down 22c to 16.37.

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) down 9% to 32.31, WTI trades $55.63 cboe.com/micro/VIXETF/VXXLE/

CBOE Crude Oil Volatility Index (OVX) down 3.3% to 58.14. cboe.com/OVX

Active options at CBOE: AAPL TSLA TWTR AMZN FB RAD NFLX CIM LNKD GILD VLO

Options with increasing volume @ CBOE: LRCX LF VC CBI RHT OEF TNK PRGO TSO ONVO

CBOE Volatility Index (VIX) is recently down 1.95 to 17.49; January 17 and 25 calls are active on total volume of 442K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 90c to 30.24

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 1.09 to 13.37; compared to its 10-day moving average of 18.96 stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) at 263.05 compared to its 50-day moving average of 260.70 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently up 1.57 to 913.08 as investors continue to be excited about Wednesday’s statement by the Federal Reserve that it would take a patient approach to raising interest rates