Category Archives: Market News

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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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Weekly Market Commentary 12.12.14

Various indicators have been turning bearish since mid-November.  But until this week, $SPX itself had not broken down, and since price is “king,” that was quite important.  However, now $SPX has broken down, as it has fallen below support at 2050.  This completes a bearish pattern, and a full-fledged correction is underway. This could be […]

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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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Next Week in Weeklys – 12/15/2014

*Graphic corrected to show NAV reporting Tuesday before the open. The year is quickly coming to an end, but there are still a handful of opportunities to trade earnings reports.  Things don’t get started next week until Wednesday before the open with FedEx (FDX).  All numbers below are based on the last 12 quarters earnings […]

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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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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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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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Free Webcast and a Cyber Monday Deal

Tomorrow Mark Sebastian and I will be hosting a webcast at 3:30 pm Chicago time to discuss our recent paper on leveraging buywrite strategies along with a discussion of preliminary results for a leveraging SPX put selling strategies. There’s still time to register – www.cboe.com/webcasts CBOE is on the “Cyber-Monday” bandwagon offering deeply discounted online […]

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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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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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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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Thanksgiving Trading Schedule 2014

We got a few e-mails today in The Options Institute, asking about the trading schedule for the rest of the week.  The chart below summarizes it in a very understandable fashion.  The bottom line for option trading in stocks, ETF’s and Indexes – Wednesday is a normal trading day, Friday is a half-day.  The extended […]

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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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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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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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The Week in Russell 2000 and Nasdaq-100 Volatility – 11/3 – 11/7

I’m going to start with the Nasdaq-100 because I have a lot more to say about Russell 2000 volatility this week. VXN was down about 6% despite the underlying market rising only a little last week. This is one of those time periods where VXN and RVX both appear to take the lead from VIX more than in reaction to […]

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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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Weekly Market Commentary 11.7.14

The rally continues to push to new all-time highs in most of the major broad-based indices ($SPX, $OEX, Dow, etc.).  The advance has been so straight and fast that it hasn’t left any support levels in its wake.  The only one was at 2001, so a pullback below 2000 would be negative. Equity-only put-call ratios […]

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Dividend Play in Apple Marks the End of the Golden Goose

Apple options have led single stocks for several years now, with recent average daily volume near one million contracts and 9.5million contracts of open interest – a full 7.4% of single-stock total OI. On many days nearly 10% of all the single stock flow is in AAPL- leaving the other 3693 listings in the dust! […]