CBOE Mid-Day Update 1.13.15

Volatility as an asset class

Costco (COST) is recently up 62c to $143.17 after Goldman Sachs downgraded citing the recent valuation expansion and its belief the retailer’s earnings momentum is close to peaking.  January call option implied volatility is at 17, February is at 16, July is at 15; compared to its 26-week average of 16.

Monster Beverage (MNST) is recently up $3.97 to $115.93 after Stifel raised its price target on the stock and Wells Fargo downgraded the shares to Market Perform from Outperform.  January call option implied volatility is at 49, February is at 34, March is at 36; compared to its 26-week average of 30.

Hewlett-Packard (HPQ) is recently up 55c to $40.47 after research firm Gartner estimated that worldwide PC shipments had risen 1% last quarter. January call option implied volatility is at 26, February is at 29, March is at 25; compared to its 26-week average of 26.

CBOE Crude Oil Volatility Index (OVX) down 0.7% to $52.74, WTI trades near $45 cboe.com/OVX

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) up 3.1% to 32.86.
cboe.com/micro/VIXETF/VXXLE/

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

Options with increasing volume @ CBOE: JNJ OCN AVP AMAT CELG ELX TUP XLV STAR ALTR HLSS OCR PHH WBAI CS

CBOE Volatility Index (VIX) down 3.9% to 18.83, high 18.84, low 17.65, Jan 21 calls & 17 puts active on total volume of 192K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 1.01 to 32.78.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 6.8% to 16.96; compared to its 50-day moving average of 14.46 stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 2.13 to 265.99 compared to its 50-day moving average of 262.55 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently up 7.80 to 903.05 after a two-day sell as investors focus on earnings.