Blogging Options: CBOE Mid-Day Commentary 12.31.14

Stocks drifting at lower levels as the final bell of 2014 grows near.  SPX & NASDAQ with double-digit gains for 2014.  Volume very light early this afternoon, as expected.  VIX up 20% to trade with a 19 handle. Have a good New Years Eve and day, Don’t forget Chicago BlackHawks at noon CST tomorrow as they play outdoors in Washington, D.C.  Volatility as an asset class

Technology device stocks option implied volatility is flat into International CES that opens in Las Vegas on January 6.

Ambarella (AMBA) overall option implied volatility of 58 compares to its 26-week average of 53.

GoPro (GPRO) overall option implied volatility of 55 compares to its 26-week average of 56.

HP (HPQ) overall option implied volatility of 24 compares to its 26-week average of 25.

Xerox (XRX) overall option implied volatility of 25 compares to its 26-week average of 24.

BlackBerry (BBRY) overall option implied volatility of 49 compares to its 26-week average of 52.

Sony (SNE) overall option implied volatility of 31 compares to its 26-week average of 28.

CBOE/CBOT 10-year U.S. Treasury Note Volatility (VXTYN) up 0.55% to 5.44; 52-week low 1.69, high 14.58 www.cboe.com/vxtyn

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) up 1.9% to 28.94, WTI trades below $54 cboe.com/micro/VIXETF/VXXLE/

CBOE Crude Oil Volatility Index (OVX) down 1% to $50.66 cboe.com/OVX

Active options at CBOE: AAPL TSLA TWTR GILD AMZN TWTR NFLX BAC

Options with increasing volume @ CBOE: ATLS CVEO CLF NI QLGC

CBOE Volatility Index (VIX) is recently up 20% plus to 19.10; January 15 and 18 calls are active  cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) is up 2.00 to 31.20.

CBOE S&P 500 Short-Term Volatility Index (VXST) rose sharply after mid-day approaching 19, compared to its 10-day moving average of 13.34 stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) turned lower and dropped 1.00 to 264.85, compared to its 50-day moving average of 262.08 cboe.com/micro/bxd/

S&P 100 Options (OEX) turned negative and dropped 5 points to  913.12 as bonds rally to record highs into the New Year.