Blogging Options: CBOE Morning Update 2.23.15

Boeing off $3 on downgrade, Oil down ~$2 to $49, Gold lower by $4.  10-year yield off 4 ticks.  Baltic Dry with another new low.  Overseas markets mixed to fractionally higher.  Ms Yellen speaks Tues afternoon & Wed awaited by traders. 35th Anniversary of “Miracle on Ice” at 1980 Olympics.  #CBOERMC next week. Volatility as an asset class

Cooper Tire (CTB) is up $1.19 to $38.39 in the premarket on better than expected Q4 results and outlook.  March call option implied volatility is at 33, May is at 29, August is at 25; compared to its 26-week average of 28.

Apple (AAPL) is recently 26c to $129.76 in the premarket as shares trade near record high. Overall option implied volatility of 25 is at its 26-week average.

VIX methodology for Apple (VXAPL) at 25.15 cboe.com/VXAPL

CBOE Crude Oil Volatility Index (OVX) at 54, WTI Crude oil @ $49. CBOE.com/OVX

Equity Options Volume 1,303,587 calls, 720,993 puts, 2,024,580 total cboe.com

Options expected to be active @ CBOE:  LOW CRM HD M JCP SPWR

CBOE EuroCurrency Volatility Index (EVZ) at 11.60

CBOE/CBOT 10-year U.S. Treasury Note Volatility (VXTYN) at 6.93 www.cboe.com/vxtyn

CBOE S&P 500 Skew Index (SKEW) at 125.24. 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 @ 684.55: www.cboe.com/CLL

CBOE S&P 500 BuyWrite Index (BXM) at 1091.64 cboe.com/bxm

CBOE DJIA BuyWrite Index (BXD) at 267.89 cboe.com/micro/bxd/

‏CBOE Nasdaq-100 Volatility Index (VXN) at 14.67.

CBOE 3-Month Volatility Index (VXV) at 17.30 cboe.com/VXV

CBOE S&P 500 Short-Term Volatility Index (VXST) at 11.74, VXST is a market-based gauge of expectations of 9-day stks.co/r0CS2

Velocity Share VIX Short Term ETN (VIIX) at 39.25.

iPath S&P 500 VIX Short-Term Futures (VXX) is up 44c to 29.49

CBOE Volatility Index (VIX) at 14.30 cboe.com/VIX

SPDR S&P 500 ETF Trust (SPY) is down 43c to $210.80. Japan’s Nikkei 225 Stock Average extended 15-year highs today after U.S. equity gauges climbed to records following Greece’s provisional deal on its bailout program.

Calls with increasing volume at CBOE:

SPY    3/20/2015  210   51K contracts
AAPL 2/20/2015  129    19K
DIA    3/20/2015  180    16K
FB      2/20/2015    80    14K

Puts with increasing volume at CBOE:

EWZ  3/13/2015 31.00 23K contracts
SPY   2/27/2015  210 13K
VXX   2/27/2015      28 9K
C       2/27/2015 50.50 9K