CBOE Mid-Day Update 1.9.14

Volatility as an asset class

President Obama announced that he would ask Congress to provide free community college tuition for all Americans who are “willing to work for it”. Publicly traded education companies in the space have flat option implied volatility.

American Public Education (APEI) overall option implied volatility of 32 compares to its 26-week average of 34.

Apollo Education (APOL) overall option implied volatility of 35 compares to its 26-week average of 36.

Bridgepoint Education (BPI) overall option implied volatility of 38 compares to its 26-week average of 39.

Career Education (CECO) overall option implied volatility of 62 compares to its 26-week average of 63.

DeVry (DV) overall option implied volatility of 35 compares to its 26-week average of 36.

Grand Canyon (LOPE) overall option implied volatility of 31 compares to its 26-week average of 32.

ITT Educational (ESI) overall option implied volatility of 103 compares to its 26-week average of 111.

Strayer (STRA) Overall option implied volatility of 44 compares to its 26-week average of 43.

CBOE Crude Oil Volatility Index (OVX) up 2.3% to $52.15, WTI trades near $49 cboe.com/OVX

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) down 1.2% to 30.30. cboe.com/micro/VIXETF/VXXLE/

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

Options with increasing volume @ CBOE: SAN AA NUAN IBM JOY

CBOE Volatility Index (VIX) is recently up 9c to 17.10; January 21 calls and 17 puts are active on total volume of 170K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 48c to 31.25

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 2.6% to 15.43; compared to its 10-day moving average of 14.21 stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 90c to 265.36 compared to its 50-day moving average of 262.44 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently down 5.16 to 904.70 on the 252k U.S. December payroll rise after 50k in upward revisions beat estimates.