Category Archives: Market News

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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! [...]

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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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Post Election VXEWZ Analysis

On Monday the Brazilian equity market reacted somewhat as expected to the re-election of Dilma Rousseff to another term as president of Brazil. When I say as expected, Rousseff is not considered very business friendly and her election resulted in about a 4% drop in the iShares MSCI Brazil Index ETF (EWZ).   This 4% drop [...]

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Calculating the New VIX—the Easy Part

The movements of the CBOE’s VIX® are often confusing.  It usually moves the opposite direction of the S&P 500 but not always.  On Fridays the VIX tends to sag and on Mondays it often climbs because S&P 500 (SPX) option traders are adjusting prices to mitigate value distortions caused by the weekend. In addition to these market driven eccentricities the [...]

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Blogging Options: CBOE Mid-Morning Update 10.22.14

Economic reports at the opening not helping stocks move one way or the other. SPY of $0.40.   Volatility as an asset class Yahoo (YHOO) is up $2.32 to $42.509 after reporting Q3 EPS 52c, compared to consensus 30c. October weekly call option implied volatility is at 69, November is at 42, December is at [...]

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Weekly Weekly’s Option Report 10/16/14

Traders are loving the wild rides in the market. I’m Angela Miles covering Weekly’s options expiring next Friday, 10/24.  I’m starting with SPX this week, because in my last weeklys report, there was notable downside put buying around the 1875 strike. Wow, did those traders play it spot on as the S&P 500 plunged!  In [...]

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Blogging Options: CBOE Mid-Morning Update 10.16.14

With the market selling off sharply Tuesday, CBOE set records for volume in VIX Options (1.832 million), VIX Futures (791 K) , and with SPX options (~2.67million contracts).  VIX rose again, closing at a level not seen in quite a while (see Matt Moran’s blog from earlier this morning).  Overall options trading showed over 33.5 [...]

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Blogging Options: CBOE Morning Update 10.15.14

Big option and VIX Futures day yesterday as markets firmed. Volatility as an asset class Intel (INTC) is down 29c to $31.85 in the premarket on Q3 net income rising 12%. October call option implied volatility is at 35, November is at 29, December is at 24; compared to its 26-week average of 22. Bank [...]

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VIX Options Avg. Daily Volume Is Up 50% in October

Interest in volatility products and management of volatility and tail risk has increased this month.  Last week the futures on the CBOE Volatility Index® (VIX®) registered an all-time record high for one-week volume with 1,661,153 contracts.  As shown in the chart below, average daily volume for VIX options so far in October is about 50% [...]

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13 Volatility Indexes Rose More Than 10% Today

Today the S&P 500 (SPX) Index fell 31.39 to close at 1874.74, and, as shown in the table below, thirteen of CBOE’s volatility indexes rose by more than 10%. % Change            Close                     Ticker                    Index 24.0%                    27.22                     VXST                      CBOE Short-Term Volatility Index 22.6%                    66.70                     VXEWZ                 CBOE Brazil ETF Volatility Index 21.8%                    35.72                     VXXLE                   CBOE Energy Sector [...]