Blogging Options: CBOE Morning Update 2.9.15

The usual coming in to trading today.  Weakness in China economy, Greece possible exit from Euro and Ukraine talk collapse.  DAX off 1.6%, NIKKEI only overseas market in the green.  Oil higher in early session.  Volatility as an asset class

Today begins a crucial week of high-stakes diplomacy on the Ukraine crisis. Germany’s Angela Merkel has given Russian President Vladimir Putin until February 11 to agree to a road map to end the fighting in eastern Ukraine.

iShares MSCI Germany (EWG) off 0.49, overall option implied volatility of 23 compares to its 26-week average of 21.

iShares MSCI United Kingdom (EWU) overall option implied volatility of 20 compares to its 26-week average of 19.

MSCI Spain Index ETF (EWP) overall option implied volatility of 25 compares to its 26-week average of 20
iShares France (EWQ) overall option implied volatility of 18 compares to its 26-week average of 17.

MSCI Italy Index (EWI) overall option implied volatility of 24 compares to its 26-week average of 23.

CBOE Crude Oil Volatility Index (OVX) at 60.83, above 50-day MA of 51.38 WTI Crude oil @ $52.
CBOE.com/OVX

Equity Options Volume 1,210,669 calls, 834,697 puts, 2,045,366 total cboe.com

Options expected to be active @ CBOE: L QCOM HAS SOHU SFLY CSCO HOT AKAM AOL KO PEP

CBOE EuroCurrency Volatility Index (EVZ) at 12.42; compared to 50-day MA of 10.64

CBOE/CBOT 10-year U.S. Treasury Note Volatility (VXTYN) at 6.47 www.cboe.com/vxtyn

CBOE S&P 500 Skew Index (SKEW) at 125.26, compares to its 50-day moving average of 129.98.

SKEW measures the purchase of out-of-the-money S&P 500 Index puts that require a very large downside move to profit from long put positions. An increase of this index indicates greater expectations for an extreme down move.

CBOE S&P 500 95-110 Collar Index CLL @ 671.10: www.cboe.com/CLL

CBOE S&P 500 BuyWrite Index (BXM) at 1081.93 compared to its 10-day moving average of 1081.93 cboe.com/bxm

CBOE DJIA BuyWrite Index (BXD) at 265.19 compared to its 50-day moving average of 262.44 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 18.41 compared to its 50-day moving average of 18.55.

CBOE 3-Month Volatility Index (VXV) at 19.87, compared to its 50-day moving average of 19.03 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 14.93, compared to its 50-day moving average of 16.78, VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 46.40; compared to its 10-day moving average of 45.56.

iPath S&P 500 VIX Short-Term Futures (VXX) is recently up 48c to 34.77

CBOE Volatility Index (VIX) at 17.29, compared to its 10-day moving average of 18.21 cboe.com/VIX
SPDR S&P 500 ETF Trust (SPY) is recently down 1.00 to $203.55 into a crucial week of high-stakes diplomacy on the Ukraine crisis.

Calls with increasing volume at CBOE:

AAPL 2/6/2015 120 18K contracts
MCD 1/15/2016 100 16K
XLF 2/20/2015 24.50 15K
IWM 2/20/2015 122 15K
AAPL 2/6/2015 119 13K