CBOE Mid-Day Update 1.22.15

Volatility as an asset class

United Continental (UAL) is recently up $2.37 to $71.54 on the airliner sees generating ‘far better’ results in 2015. February call option implied volatility is at 45, March is at 43; compared to its 26-week average of 44.

Southwest (LUV) is recently up $2.55 to $44.36 on seeing Q1 passenger revenue to grow in line with expected 6% increase. February call option implied volatility is at 34, March is at 33, June at 34; compared to its 26-week average of 31.

Alaska Air (ALK) is recently up $1.76 to $66.61 on passenger revenue grew by 8% in Q4 compared to last year and raised its quarterly dividend by 60% to 20c. February call option implied volatility is at 27, March is at 30, July at 29; compared to its 26-week average of 31.

CBOE Crude Oil Volatility Index (OVX) up 4.3% to $57.48, WTI trades near $46.50 cboe.com/OVX

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) down 3.5% to 29.13. cboe.com/micro/VIXETF/VXXLE/

Active options at CBOE: AAPL TSLA C VZ KMI TWTR NFLX AMZN

Options with increasing volume @ CBOE: FXCM R INFI BRCD FFIV VFC ABEV SNDK

CBOE Volatility Index (VIX) down 8.3% to 17.28, high 19.23, low 16.73, February 25 calls and February 16 puts are active on total volume of 196K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) is recently down 1.33 to 32.15.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently down 15% to 17.33; compared to its 50-day moving average of 15.42 stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) up 60c to 263.15 compared to its 50-day moving average of 262.36 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently up 5.52 to 900 after the ECB announced the purchase of EUR 60B a month of assets.