CBOE Mid-Day Update 12.24.14

Volatility as an asset class

Global option implied volatility stays elevated on wide price movement

iShares FTSE Xinhua China 25 Index (FXI) overall option implied volatility of 24 compares to its 26-week average of 20.

MSCI Brazil Index (EWZ) overall option implied volatility of 31 compares to its 26-week average of 29.

iShares MSCI Germany (EWG) overall option implied volatility of 24 compares to its 26-week average of 20.

Active options at CBOE: AAPL TSLA TWTR AMZN FB PBR GILD

Options with increasing volume at CBOE: ACHN CELG GPS

Active calls @ CBOE; ACHN Jan 16 AAPL 12/26/14 113 114 & 115

Active puts @ CBOE; AAPL 12/26/14 111 & 112 PBR 2/20/15 8 NKE 1/30/15 94

CBOE Volatility Index (VIX) is recently down 67c to 14.13; January 13 and 18 puts are active on total volume of 17K cboe.com/VIX

S&P 100 Options (OEX) recently is recently up 1.08 to 921.06 as investors continue to bid up stock prices to record highs after last week’s statement by the Federal Reserve that it would take a patient approach to raising interest rates.