CBOE

CBOE

Chicago Board Options Exchange (CBOE), the largest U.S. options exchange and creator of listed options, continues to set the bar for options trading through product innovation, trading technology and investor education.

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The Weekly Options News Roundup – 12/19/2014

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. CBOE’s Index Options Go Global As announced last week, CBOE has entered into a licensing agreement with MSCI to offer options trading on multiple MSCI Indexes, including […]

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CBOE Mid-Day Update 12.19.14

Volatility as an asset class CarMax (KMX) is recently up $5.76 to $66.29 on better than expected Q3 results and customer traffic growth. January call option implied volatility is at 28, April is at 31; compared to its 26-week average of 32. Finish Line (FINL) is recently down $5.63 to $23.28 after lowering its earnings […]

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CBOE Mid-Day Update 12.18.14

Volatility as an asset class Oracle (ORCL) is recently up $3.40 to $44.56 after Q2 results beat estimates as Q2 total software plus cloud revenue grew 5% to $7.3B. December call option implied volatility is at 26, January is at 21, February is at 19; compared to its 26-week average of 21. Cloud software-as-a-service, platform-as-a-service […]

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CBOE Mid-Day Update 12.17.14

Volatility as an asset class Proshares UltraShort Barc 20 Year Treasury ETF (TBT) is recently up 66c to $46.22 into the FOMC policy statement.  December call option implied volatility is at 37, January is at 27, March is at 26; compared to its 26-week average of 24. IShares Barclay 20+ YR Treasury ETF (TLT) is […]

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CBOE Mid-Day Update 12.16.14

Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is recently up 22c to $13.26 as WTI crude oil trades above $56.  Overall option implied volatility of 60 compares to its 26-week average of 25. Energy Select Sector SPDR (XLE) is recently up $2.09 to $75.49. December call option implied volatility […]

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Blogging Options: CBOE Morning Update 12.16.14

Busy day yesterday as 19.8 million option contracts trade, with CBOE & C2 accounting for 7.2m.  SPX with 1.28m & VIX with 849K.  VIX Futures showed 417K contracts changing hands.  SPY active with 3.7m contracts trading.  VIX traded up to ~24 intra-day yesterday.  After the close Russia raised rates from 10.5% to 17%, 6th raise […]

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The Weekly Options News Roundup – 12/12/2014

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. MSCI Index Options Coming to CBOE This week, CBOE announced it entered into a licensing agreement with MSCI to offer options trading on several MSCI Indexes.  In […]

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Blogging Options: CBOE Morning Update 12.12.14

November PPI fell 0.2% (gasoline accounted for over half of the drop – flat expected) Core Rate was flat.  Oil being hammered again ON IEA lowering oil price forecast again.  Overseas markets down sharply, US following.  Jan WTI trading $58.50.  10-year near 2.12%. VIX Futures active in pre-market with 59K contracts traded.  Volatility as an […]

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Weekly Weekly’s Option Report 12.11.14

Volatility is shaking up the market and traders are loving the fast-pace of trades in the Weekly’s.  I’m Angela Miles. Today I am covering Weekly options expiring this Friday.  Next Friday is a traditional options expiration. I’m starting with trades in the SPX. It’s a big volume day for SPX (S&P 500 Index) options contracts as the market […]

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Blogging Options: CBOE Morning Update 12.11.14

Retail Sales rose this morning, aided by Auto Sales (+1.7%).  Overseas markets not doing as well, talk of more problems in Greece hurting Asian stocks.  OIL off an additional 1%.  Volatility as an asset class The ‘Majors’ option implied volatility is elevated as WTI Crude Oil futures trade below $62 Exxon Mobil (XOM)  option implied […]

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CBOE Mid-Day Update 12.10.14

Volatility as an asset class Las Vegas Sands (LVS) is recently down $1.94 to $54.17 after FBR lowered its estimates for LVS, Wynn Resorts (WYNN) and MGM Resorts (MGM) citing the 20% decline in Macau gross gaming revenue in November and a “soft” first week of December.  December call option implied volatility is at 36, […]

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Blogging Options: CBOE Morning Update 12.10.14

Economic news overseas not great this morning, but overseas markets steady (Asia mixed, Europe fractionally higher) after yesterday’s selloff.  Metals lower, 10-year 2.22%.  Chicago baseball fans prepare for subway series after signing pitchers.  Volatility as an asset class: Costco (COST) is up $1.50 to $144.54 in the premarket after reporting better than expected Q1 EPS […]

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CBOE Mid-Day Update 12.9.14

Volatility as an asset class Bank of America (BAC) is recently down 32c to $17.34 on the bank sees Q4 sales and trading revenue down linked-quarter, y/y. December call option implied volatility is at 19, January and February is at 20; compared to its 26-week average of 23. Citigroup (C) is recently down $1.19 TO […]

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CBOE Mid-Day Update 12.8.14

Volatility as an asset class Large Cap oil Services Company’s volatility is elevated as WTI Crude oil trades near $65 Baker Hughes (BHI) overall option implied volatility of 34 compares to its 26-week average of 28. Dril-Quip (DRQ) overall option implied volatility of 35 compares to its 26-week average of 29. Halliburton (HAL) overall option […]

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The Weekly Options News Roundup – 12/5/2014

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets.       CBOE.com 2.0 CBOE recently introduced a newly enhanced website that offers easier navigation and search capabilities, updated and revised educational content and a responsive design […]

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CBOE Mid-Day Update 12.5.14

Volatility as an asset class Ulta Salon (ULTA) is recently up $5.39 to $131.16 on strong profit and revenue growth.  December call option implied volatility is at 31, January is at 28, March is at 32; compared to its 26-week average of 34. Five Below (FIVE) is recently down $5.33 to $37.52 after Q4 outlook […]

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CBOE Volatility Update 12.4.14

Volatility as an asset class Sears Holdings (SHLD) is recently down 55c to $33.73 after reporting a Q3 loss of $5.15 per share on larger debt levels. December call option implied volatility is at of 67, January is at 70, March is at 65; compared to its 26-week average of 58. Kroger (KR) is recently […]

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Blogging Options: CBOE Morning Update 12.4.14

US stock futures mixed as ECB leaves rates unchanged.  Weekly Jobless a tad higher than expected.  NFP Parroll Report main economic item traders watching. Oil prices fractionally lower.  10-year 2.275%.  Volatility as an asset class: Disney (DIS) is up $).39 to $93.50 in the premarket after declaring an annual cash dividend of $1.15 per share, […]

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CBOE Mid-Day Update 12.3.14

Volatility as an asset class Energy indexes and ETF option implied volatility decreases three-year highs as energy prices stabilize Energy Select Sector SPDR (XLE) is recently up 1.13 to $82.13. December weekly call option implied volatility is at 39, December is at 24; compared to a level of 27 from December 2 and its 26-week […]

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Blogging Options: CBOE Morning Update 12.3.14

ADP Employment Report for November showed a less than expected growth of 208K jobs (mid-220’s expected).  Several Retailers in the news.  Abercrombie (ANF) up $0.15 on good sales but cautious guidance, TJX up $1 on light volume after an upgrade, TGT lawsuits continue.  10-year still below 2.3%.  ISM later this morning. Volatility as an asset […]

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CBOE Mid-Day Update 12.1.14

Volatility as an asset class Energy indexes and ETF option implied volatility has increased on wide oil and gas price movement. Energy Select Sector SPDR (XLE) December weekly call option implied volatility is at 39, December is at 30; compared to its 26-week average of 18. Oil Services Holders Trust (OIH) December weekly call option […]

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Blogging Options: CBOE Morning Update 12.1.14

Japan rating lowered by 2 notches at Moody’s and OPEC’s decision to not curtail production the talk of the trading floor.  Oil producing countries currencies getting hit, slower growth in China and Europe all leaning on US stock futures.  Volatility as an asset class Cyber Monday retailers option implied volatility is at low end of […]

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Blogging Options: CBOE Morning Update 11.28.14

Other than Black Friday shopping, Oil the talk of Wall Street.  OPEC failed to reach an agreement on a token production cut, WTI Crude at $69.40 per bbl.  This dragging the  S&P lower in early trading,  DJIA Futures flat, NASDAQ slightly higher.  Airlines shares soaring, drillers and majors down.  Gold down 1%, Silver off 3%.  […]

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Weekly Weekly’s Option Report 11.26.14

The Weeklys are on short leash this week. I’m Angela Miles covering weekly options expiring this Friday and Next Friday. The market is open all day today, closed Thursday for Thanksgiving and open for a half day Friday. So there’s not much time left until this week’s options expiration, which is perfect for traders who […]

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CBOE Mid-Day Update 11.26.14

Volatility as an asset class Deere (DE) is recently down 75c to $87.08 after reporting stronger than expected Q4 results, analysts believe that the company’s guidance indicates that demand for large farm equipment will continue to drop in FY15.  December weekly call option implied volatility is at 14, December is at 15, January at 19, […]

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Blogging Options: CBOE Morning Update 11.26.14

Economic data soft this morning.  Durable Goods rose, but the Core report showed a sharp drop. Overseas markets soft. The 10-Year fell to 2.24%.  Big storm on East Coast should have traders getting their work done early today.  Several more data releases due in next hour.  Volatility as an asset class: HP (HPQ) is down 87c […]

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CBOE Mid-Day Update 11.25.14

Volatility as an asset class Chico’s FAS (CHS) is recently up 32c to $16.14 after the casual retailer reported Q3 gross margins increased 54%. December call option implied volatility is at 29, January is at 28, February is at 26; compared to its 26-week average of 35. Hormel Foods (HRL) is recently down $2.19 to […]

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Blogging Options: CBOE Morning Update 11.24.14

Conflicting business surveys on a slow news Monday.  Germany’s came in a little better than expected, firming up European stocks, while Markit’s Global Survey showed slowing.  This morning’s business news filled with “Nor’easter” hitting DC to Maine on Wednesday, giving traders and investors an excuse to extend the Thanksgiving weekend.  OPEC meets later this week, […]

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The Weekly Options News Roundup – 11/21/2014

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. Futures on the Interest Rate VIX One week ago, CBOE Futures Exchange launched trading of futures on the CBOE/CBOT 10-year U.S. Treasury Note Volatility Index.  Futures on […]

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CBOE Mid-Day Update 11.21.14

Volatility as an asset class Euro Currency Trust (FXE) is recently down $1.31 to $122.25 after Mario Draghi announced that the ECB is ready to expand its asset purchase programs. Overall option implied volatility of 8 is at its 26-week. Foot Locker (FL) is recently down $1.50 to $55.49 after reporting Q3 EPS 83c, compared […]

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Blogging Options: CBOE Morning Update 11.21.14

China cutting rates and comments by the ECB have stocks soaring in early trading.  Asian stocks up modestly, European shares up 1% to 2%.  ECB buying Asset-Backed Securities but unclear as to type.  Dollar up again, Oil and Metals also higher.  Several Retailers reporting good sales this morning.   VIX Futures off ~2% in premarket trading […]

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CBOE Mid-Day Update 11.20.14

Volatility as an asset class GoPro (GPRO) is recently down $4.90 to $74.24 after files to sell $800M in common stock for holders . November weekly call option implied volatility is at 67, December is at 58, January is at 53; compared to its 15-week average of 56. El Pollo LoCo (LOCO) is recently down […]

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Blogging Options: CBOE Morning Update 11.20.14

Soft economic numbers overseas have US stock futures lower.  Eurozone Purchasing Managers survey showed a sharp drop.  European shares off a little less than 1%.  October CPI flat, Core rate up 0.2%. VIX Futures trade ~9,800 contracts in the early session. Volatility as an asset class: Keurig Green Mountain (GMCR) is down $3.45 (2.2%) to […]

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CBOE Mid-Day Update 11.19.14

Volatility as an asset class Tesla Motors (TSLA) down $10.51 to $247.10 after Morgan Stanley took down estimates for the company, though they noted they remain buyers. November call option implied volatility is at 45, December is at 35, January is at 37; compared to its 26-week average of 46. Staples (SPLS) is recently up […]

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Blogging Options: CBOE Morning Update 11.19.14

Data on October Housing Starts dragging stock futures lower, as it showed a drop of 2.8% (up 0.6% expected).  Permits up but not watched as much as starts.  10-year up to 2.36%, Asian stocks lower, Europe mixed to higher.  With a little luck, Buffalo N.Y. snowfall this week could exceed 100″.  Volatility as an asset […]

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CBOE Mid-Day Update 11.18.14

Volatility as an asset class Home Depot (HD) is recently down $1.73 to $96.30 after reporting in line Q3 EPS of $1.15 and mixed 2015 guidance. November call option implied volatility is at 19, December is at 18, January is at 16; compared to its 26-week average of 18. Medtronic (MDT) is recently up $2.66 […]

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Blogging Options: CBOE Morning Update 11.17.14

Asian markets off sharply as Japan officially enters recession.  NIKKEI off 3% after trading off 6%. Oil and grains off fractionally. Nov. VIX settles this Wednesday. It’s cold in Chicago.  Volatility as an asset class: Baker Hughes (BHI) is up $9.51 to $69.43 in the premarket on Halliburton (HAL) acquiring all the outstanding shares of […]

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Weekly Options News Roundup 11/14/14

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. Futures on the Interest Rate VIX are Here!!! Futures on the CBOE/CBOT 10-Year US Treasury Note Volatility Index (VXTYN) debuted on the CBOE Futures Exchange (CFE) yesterday.  […]

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CBOE Mid-Day Update 11.14.14

Volatility as an asset class Geron (GERN) is recently up 59c to $2.90 after announcing a global strategic collaboration with Janssen Biotech. November call option implied volatility is at 116, December is at 99, January is at 88, March is at 97; compared to its 26-week average of 106. Harley-Davidson (HOG) is recently up 88c […]

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Weekly Weekly’s 11.14.14

JC Penney and Cisco are in play post earnings! Next week is traditional options expiration, so today I’m mainly focused on options expiring this Friday, November 14th. Starting with JCP. A trader told me this one was difficult to predict how the earnings move would shape up. JCP reported a sales miss, but its loss […]

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Blogging Options: CBOE Morning Update 11.14.14

Stocks look to open slightly higher after a DJIA record close and a NASDAQ 14-year high.  Retail Sales for October at +0.3% beat, X-Auto also up 0.3%.  Nordstrom sales exceed expectations.  Talk of FED tightening swirl on trading floor.  Soft economic news out of Europe and Russia sabre rattling a drag on overseas markets.  Volatility […]

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CBOE Mid-Day Update 11.13.14

Volatility as an asset class Kohl’s (KSS) is recently down $2.11 to $55.80 after reporting less than expected Q3 results and issued a less than expected Q4 outlook. November call option implied volatility is at 25, December is at 21, January is at 20; compared to its 26-week average of 25. Tyco (TYC) is recently […]

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Blogging Options: CBOE Morning Update 11.13.14

Volatility as an asset class Procter and Gamble (PG) is down $0.58 to $88.90 on Berkshire Hathaway Inc. (BRK.B) acquiring the Duracell battery business from Procter & Gamble in deal valued at approximately $6.4B. Overall option implied volatility of 13 is near its 26-week average of 14. Cisco (CSCO) is  higher by $0.38 to $25.50 […]

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Blogging Options: CBOE Morning Update 11.12.14

Stocks headed lower at the opening, as profit-takers emerged. VIX bounces higher to 13.44, up 0.52.  Volatility as an asset class: Macy’s (M) is up $1.11 to $59.70 after reporting Q3 EPS 61c, compared to consensus 50c and lowered FY14 EPS view to $4.25-$4.35 from $4.40-$4.50. November call option implied volatility is at 46, December […]

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CBOE Mid-Day Update 11.11.14

Volatility as an asset class SPDR Gold Trust (GLD) is recently up $1.10 to $111.53 as gold slips lower. November weekly call option implied volatility is at 23, November is at 19, December is at 20; compared to its 26-week average of 15. Groupon (GRPN) is recently up 22c to $7.65 after reporting 53M total […]

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CBOE Mid-Day Update 11.10.14

Volatility as an asset class Teucrium Corn Fund (CORN) is recently up 23c to $25.96 amid USDA lowering corn production forecast by 68M bushels.  Overall option implied volatility of 24 is near its 26-week average of 23. Teucrium Soybean Fund (SOYB) overall option implied volatility of 25 compares to its 26-week average of 23. Teucrium […]

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Blogging Options: CBOE Morning Update 11.10.14

Quiet overnight session after three weeks of gains.  European shares higher, Asian stocks mixed. Several Retailers will post results in the next few days. Chinese economic numbers released this morning exactly on consensus estimates, whatever that means.  Traders on the floor this morning talking about Chicago Bears humiliation at the hand of Green Bay Packers […]

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The Weekly Options News Roundup – 11/7/2014

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. Options Education: There’s An App For That  CBOE, a leader in options and volatility trading education, continues to expand its education offerings with the launch of “CBOE […]

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CBOE Mid-Day Update 11.7.14

Volatility as an asset class Sears (SHLD) is recently up $9.29 to $41.94 after saying company is actively exploring a REIT transaction involving 200-300 owned properties through a rights offering. November call option implied volatility is at 82, December is at 74; compared to its 26-week average of 56. Gap (GPS) is recently up $1.19 […]

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CBOE Mid-Day Update 11.6.14

Volatility as an asset class Whole Foods (WFM) is recently up $4.25 to $44.21 after the super market chain’s Q4 profit surpassed analysts’ consensus estimates and it raised its quarterly dividend. November call option implied volatility is at 24, December is at 23, January is at 21; compared to its 26-week average of 33. Zillow […]

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Blogging Options: CBOE Morning Update 11.6.14

ECB leaves rates unchanged, no surprise.  Weekly Jobless Claims dropped, but Challenger reported a jump in layoffs. European shares modestly higher, Asian shares hit by profit takers.  Oil and metals lower again, 10-year 2.36%.  Volatility as an asset class Tesla (TSLA) is up $4 to $243.97 in the premarket after beating earnings estimates and issuing […]

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CBOE Mid-Day Update 11.5.14

Volatility as an asset class Nu Skin Enterprises (NUS) is recently down $7.03 to $42.53 after the nutrition company announced a less than expected Q4 outlook. November weekly call option implied volatility is at 100, November is at 55, December is at 63, January is at 50, March is at 54; compared to its 26-week […]

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Blogging Options: CBOE Morning Update 11.05.14

US stock futures higher on Republican Senate victory last night. Some voters in Chicago finished voting at 3:00am due to new voting rules implemented at the last minute. Those in line for 5 to 8 hours get our admiration.  Illinois elected a Republican Governor in a big upset.  Talking heads on the business channels will […]

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CBOE Mid-Day Update 11.4.14

Volatility as an asset class Herbalife (HLF) is recently down $11 to $44.89 after the nutrition company reported weaker than expected Q3 results and estimated that its sales would decline in Q4. November weekly call option implied volatility is at 114, November is at 108, December is at 92, January is at 94; compared to […]

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CBOE Mid-Day Update 11.3.14

Volatility as an asset class American Realty Capital Properties (ARCP) is recently down 58c to $8.28 after RCS Capital (RCAP) terminated its agreement to acquire Cole Capital Partners and Cole Capital Advisors from the company. November call option implied volatility is at 79, December is at 76, January is at 72; compared to its 26-week […]

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Blogging Options: CBOE Morning Update 11.3.14

US election on front burner today through Wednesday.  Futures mostly flat, crude ~$81 (gas under $3 per gallon at some stations in Chicago), 10-year 2.34%.  Media stocks report quarterly earnings mid-week.  Sapient gets bid this morning.  Volatility as an asset class: Alibaba (BABA) is up $0.65 to $99.25 in the premarket, the release of Q3 […]

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The Weekly Options News Roundup – 10/31/14

The Weekly News Roundup is your weekly recap of CBOE features, options industry news and VIX and volatility-related articles from print, broadcast and online and social media outlets. Volatility Playbook Volatility in the market has been a constant reality over the past two months with triple-digit swings occurring regularly.  Investors, as a result, are utilizing […]

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CBOE Mid-Day Update 10.31.14

Volatility as an asset class Exxon Mobil (XOM) is recently up $1.44 to $95.87 on Q3 earnings increasing 2.5% on higher refining margins. November weekly call option implied volatility is at 15, December is at 14, January is at 13; compared to its 26-week average of 18. Chevron (CVX) is recently up $1.41 to $118.65 […]

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Blogging Options: CBOE Morning Update 10.31.14

BOJ cranked up QE again, pushing overseas shares higher.  Personal Income up 0.2% in September (+0.3$ August), Spending off 0.2%.  Omega bids for AVIV shares.  XOM earned $1.89 vs. $1.71, Chevron (CVX) reported a gain of $2.95 vs. $2.55.  CVX revenues dropped $3.5B for the quarter, both companies helped with downstream (refining) as oil prices […]

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CBOE Mid-Day Update 10.30.14

Volatility as an asset class MasterCard (MA) is recently up $5.62 to $81.60 on better than expected Q3 results and outlook. November call option implied volatility is at 23, December is at 18, January is at 17; compared to its 26-week average of 24. Weight Watchers (WTW) is recently down $4.51 to $24.91 on commentary […]

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Blogging Options: CBOE Morning Update 10.30.14

Q3 GDP came in at a 3.5% gain (+3.0% to +3.1% expected), but Personal Consumption dropped and the increase in government spending accounted for .85% to .9% of the rise.  US futures mixed to lower.  10-year 2.289%, oil lower.  Volatility as an asset class Cirrus Logic (CRUS) is up $0.31 to $22.20 in the premarket […]

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CBOE Mid-Day Update 10.29.14

Volatility as an asset class Electronic Arts (EA) is recently up $1.50 to $38.93 after the company’s Q2 earnings per share and revenue topped analysts’ estimates. November and December call option implied volatility is at 33 and January is at 31; compared to its 26-week average of29. Gilead (GILD) is recently down $3.42 to $110.83 […]

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Blogging Options: CBOE Morning Update 10.29.14

Stocks mixed to modestly higher as FOMC minutes to be released early this morning.  Volatility as an asset class Facebook (FB) is down $4.37 to $76.35 following the company’s warning of a dramatic increase in spending in 2015 and projected slowdown in revenue growth this quarter. Facebook October weekly call option implied volatility is at […]

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CBOE Mid-Day Update 10.28.14

Volatility as an asset class The Medicines Company (MDCO) is recently up $2.94 to $25.13 after announcing the results of the pivotal Phase III clinical trial of the investigational hemostatic agent RAPLIXA, formerly known as Fibrocaps. November call option implied volatility is at 53, December is at 46, January is at 41; compared to its […]