CBOE Mid-Day Update 1.27.15

Volatility as an asset class

Polaris Industries (PII) is recently up $4.81 to $146.18 on better than expected Q4 EPS $1.98 of and 2015 sales guidance of up 9%-12%. February call option implied volatility is at 23, March is at 22, June is at 23; compared to its 26-week average of 28.

Freeport McMoRan (FCX) is recently down $1.08 to $18.46 after reports Q4 adjusted EPS 25c, consensus 35c. February call option implied volatility is at 47, March is at 45, May is at 43; compared to its 26-week average of 28.

United Technologies (UTX) is recently down $2.06 to $116.76 on lower than expected FY15 EPS guidance. February call option implied volatility is at 18, March is at 19, August is at 16; compared to its 26-week average of 17.

CBOE Volatility Index-VIX methodology for Energy Select Sector SPDR (VXXLE) up 1.44% to 27.52. cboe.com/micro/VIXETF/VXXLE/

Active options at CBOE: AAPL RIG MSFT TWTR NFLX C TSLA HPQ

Options with increasing volume @ CBOE: KO RIG NBG SIMG RMD SANM MA SIGM

CBOE Volatility Index (VIX) up 14.6% to 17.80, high 18.41, low 17.16, February 18 and 20 calls are active on total volume of 154K cboe.com/VIX

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 5.1% to 32.17.

CBOE S&P 500 Short-Term Volatility Index (VXST) is recently up 21.2% to 18.05; compared to its 50-day moving average of 15.68 stks.co/r0CS2

CBOE DJIA BuyWrite Index (BXD) down 2.70 to 261.32 compared to its 50-day moving average of 262.38 cboe.com/micro/bxd/

S&P 100 Options (OEX) recently is recently down 16.36 to 888.15 on weak