Category Archives: Trader Talk

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The Weekly Options News Roundup – 1/30/2015

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 Merry-Go-Round The choppy volatility in the new year continues.  So what is the VIX Index telling us? “Volatility Gauges’ Outlooks Differ” – Steven M. Sears, Barron’s […]

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CBOE Mid-Day Update 1.30.15

Volatility as an asset class Biogen (BIIB) is recently up $34.93 to $388.54 on Q4 profit nearly doubling. February weekly call option implied volatility is at 37, February is at 34, March is at 32, April is at 35; compared to its 26-week average of 32. MasterCard (MA) is recently up 54c to $81.86 on […]

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CBOE Mid-Day Update 1.29.14

Volatility as an asset class Yahoo (YHOO) is recently down $3.25 to $43.20 following Alibaba’s (BABA) weak earnings report. January weekly call option implied volatility is at 59, February weekly is at 45, February is at 38, March is at 38; compared to its 26-week average of 38. McDonald’s (MCD) is recently up $3.74 to […]

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Blogging Options: CBOE Morning Update 1.29.15

US Stock Futures rallying after a few tough previous sessions.  Weekly Claims dropped sharply to 265K.  Overseas equities lower with FTSE sliding 0.8%.   MCD announces new CEO.  QCOM beats but guides lower.  Jeff Gundlach and Bill Gross with bearish comments.  17.6 mm option contracts yesterday. Volatility as an asset class: Alibaba (BABA) is down $5.45 […]

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CBOE Mid-Day Update 1.28.15

Stocks soften on Hawkish FED & Yellen remarks. Crude trades at 6-year low, with WTI under $44.50.  10-year drops 9 basis points to 1.73.  Options volume pretty average. Boeing (BA) is up $7.95 to $140.55 on better than expected Q4 results and light guidance. February, March and April call option implied volatility is at 17; […]

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CBOE Mid-Day Update 1.27.15

Volatility as an asset class Polaris Industries (PII) is recently up $4.81 to $146.18 on better than expected Q4 EPS $1.98 of and 2015 sales guidance of up 9%-12%. February call option implied volatility is at 23, March is at 22, June is at 23; compared to its 26-week average of 28. Freeport McMoRan (FCX) […]

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The Changing Mindset of Investors and Traders

One thing is for sure, the mood and temperament among investors and traders changes like the direction of the wind.  But leaning to hard one way can be very damaging to your wealth and your mind.  Certainly the unknowns out there are the challenges we have to either dodge or just embrace.  If you have […]

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CBOE Mid-Day Update 1.26.15

Volatility as an asset class Shares of solar energy companies are rising after President Obama yesterday promised to provide financial support for India’s major solar energy initiative. First Solar (FSLR) is recently up $1.38 to $43.88. Overall option implied volatility of 52 compares to its 26-week average 48. SunEdison (SUNE) is recently up 75c to […]

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The Weekly Options News Roundup – 1/23/2015

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. Building on the Momentum By any measure, 2014 was a successful year for CBOE, as the exchange experienced record trading volume, expanded its product line, broadened access […]

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CBOE Mid-Day Update 1.23.15

Volatility as an asset class Honeywell (HON) is recently up $3.58 to $102.96 on the diversified company sees short cycle improvement and long cycle momentum. February call option implied volatility is at 16, March is at 14, June is at 15; compared to its 26-week average of 19. General Electric (GE) is recently up 47c […]

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Weekly Weekly’s for 1.22.15

Traders are jumping into weekly options to trade upcoming earnings. I’m Angela Miles covering weekly options expiring this Friday and next Friday. Starbucks (SBUX) turns in earnings after the close. The straddle at the 81 strike is pricing in about a 3% move up or down. Last year, the market suggested a 5% move off […]

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CBOE Mid-Day Update 1.22.15

Volatility as an asset class United Continental (UAL) is recently up $2.37 to $71.54 on the airliner sees generating ‘far better’ results in 2015. February call option implied volatility is at 45, March is at 43; compared to its 26-week average of 44. Southwest (LUV) is recently up $2.55 to $44.36 on seeing Q1 passenger […]

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CBOE Mid-Day Update 1.21.15

Volatility as an asset class UnitedHealth (UNH) is recently up $2.55 to $108.19 as Q4 results top expectations on revenue growth.  January weekly call option implied volatility is at 29, February is at 20, June is at 20; compared to its 26-week average of 22. Apple (AAPL) is recently up $1.86 to $110.58 into its […]

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NFLX Earnings Trade Idea

Netflix, Inc. [Nasdaq: NFLX, $342, up $4.66] is scheduled to release its fourth quarter earnings report today following the close of the market session. Consensus analyst estimates are forecasting earnings per share of $0.45 on overall revenues of $1.48 billion. The same quarter one year prior (Q4 2013) saw EPS of $0.66 on $1.18 billion […]

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The Weekly Options News Roundup – 1/16/2015

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 is a Products Company” Building off of a successful 2014, CBOE looks to continue expanding its volatility and index product lines in the coming year.  CBOE […]

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CBOE Mid-Day Update 1.16.15

Volatility as an asset class PNC Financial (PNC) is recently up $1.49 to $83.90 after reporting Q4 EPS $1.84, compared to consensus $1.74. February call option implied volatility is at 22, May is at 19; compared to its 26-week average of 18. Comerica (CMA) is recently up 51c to $41.74 after reporting Q4 EPS 80c, […]

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CBOE Mid-Day Update 1.15.15

Volatility as an asset class Citi (C) is recently down $1.24 to $47.83 on the money center sees FY15 revenue growth for Citicorp in low to mid-single digit percentage.  January weekly call option implied volatility is at 31, February is at 27, March is at 26; compared to its 26-week average of 22. Lennar (LEN) […]

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CBOE Mid-Day Update 1.14.15

Volatility as an asset class JPMorgan (JPM) is down $2.54 to $56.29 after reporting Q4 EPS $1.19, consensus $1.31. January call option implied volatility is at 29, February is at 24, April is at 23, June is at 22; compared to its 26-week average of 19. Wells Fargo (WFC) is off 79c to $51.06 after […]

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CBOE Mid-Day Update 1.13.15

Volatility as an asset class Costco (COST) is recently up 62c to $143.17 after Goldman Sachs downgraded citing the recent valuation expansion and its belief the retailer’s earnings momentum is close to peaking.  January call option implied volatility is at 17, February is at 16, July is at 15; compared to its 26-week average of […]

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Blogging Options: CBOE Morning Update 1.13.15

Stocks look stronger across the board, Crude down, US Dollar higher.  Growing optimism on Q1 Earnings after Alcoa beat last night.  VIX looks down one point.  Volatility as an asset class Alcoa (AA) is down $0.10 to $16.30 in the premarket after beating Wall Street estimates on both the top and bottom line.  January call […]

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CBOE Mid-Day Update 1.12.15

Volatility as an asset class Auto manufacturer’s option implied volatility is mixed as the North American International Auto Show begins in Detroit. General Motors Co. (GM) over all option implied volatility of 27 compares to its 26-week average of 26. Toyota Motor Corp. (TM) over all option implied volatility of 20 compares to its 26-week […]

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The Weekly Options News Roundup – 1/9/2015

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. 2014: A Banner Year   Options trading in 2014 reached a new all-new high as industry volume rose 4% in 2014 from 2013. “Bull Market Hedging Was […]

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CBOE Mid-Day Update 1.9.14

Volatility as an asset class President Obama announced that he would ask Congress to provide free community college tuition for all Americans who are “willing to work for it”. Publicly traded education companies in the space have flat option implied volatility. American Public Education (APEI) overall option implied volatility of 32 compares to its 26-week […]

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Blogging Options: CBOE Morning Update 1.9.15

NFP for December climbed to 252K (240K to 244K expected), Jobless rate fell from 5.8% to 5.6% (5.7% expected).  November jobs revised higher.  The negative side of the report was the Participation Rate fell to a 37-year low (451K dropped out last month), and Average Wages dropped a surprising 0.2%. Volatility as an asset class […]

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Weekly Weekly’s Option Report 1.8.15

Oil, earnings and stocks with hot options action are all coming your way.  I’m Angela Miles covering Weeklys set to expire tomorrow. Next Friday is a traditional options expiration. Let’s get rolling with oil. Oil futures are trading below $50 per barrel this week. In weekly options for BP there are traders taking at-the-money positions […]

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Next Week in Weeklys – 1/12 – 1/16

Alcoa reports Monday (1/12) after the close. Despite AA having been removed from the Dow Jones Industrial Average many market observers consider AA’s report to be the beginning of earnings season. Personally I think things get going when all the big financials report which begins Wednesday with JP Morgan Chase (JPM) and Wells Fargo (WFC). The […]

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CBOE Mid-Day Update 1.7.15

Volatility as an asset class The ‘Majors’ option implied volatilities has increased as WTI Crude Oil futures trends below $48 Exxon Mobil (XOM) overall option implied volatility of 25 compares to its 26-week average of 18. BP (BP) overall option implied volatility of 31 compares to its 26-week average of 18. ConocoPhillips (COP) overall option implied […]

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CBOE Mid-Day Update 1.5.14

Volatility as an asset class iPath S&P GSCI Crude Oil Total Return (OIL) is recently down 60c to $11.61 as WTI crude oil trades below $51.  January call option implied volatility is at 67, February is at 62; compared to its 26-week average of 27. Energy Select Sector SPDR (XLE) is recently down $3.39 to […]

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The Weekly Options News Roundup – 1/2/2015

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. New Year, New Options? It’s January, the time when investors eagerly search for clues to help forecast the markets (and volatility!) for the new year.  So, what’s […]

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Blogging Options: CBOE Mid-Day Update 1.2.15

ISM for December (55.5% versus 58.7% in Nov, 4th straight drop and lowest since June ’13), disappointed traders and investors this morning, turning a firm opening into a light-volume sell off.  Construction Spending fell as well.  10-Year yield dropped to 2.12% after printing 2.102%. Oil and Grains off over 1%. GE, NKE & DIS lower, […]

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CBOE Mid-Day Update 1.2.15

Volatility as an asset class S&P 500 Top Best Performers of 2014 have mixed option implied volatility Mallinckrodt (MNK) overall option implied volatility of 38 compares to its 26-week average of 35. Delta Air Lines (DAL) overall option implied volatility of 37 compares to its 26-week average of 36. Keurig Green Mountain (GMCR) overall option […]

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Blogging Options: CBOE Morning Update 12.31.14

US Stock futures up fractionally, Weekly Claims rise a little more than expected, Crude drops again, trading below $53 per bbl.  Kink Abdullah of Saudi Arabia reportedly hospitalized for tests mat be adding to price instability.  10-year 2.18%. Regular trading hours today.  Volatility as an asset class: Chevron (CVX) is down 60c to $112.51 in […]

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Blogging Options: CBOE Morning Update 12.29.14

Markets digesting the gains of the last few weeks.  Elections in Greece trying to pull markets lower this morning, and oil disruptions in Libya have Brent Crude trading higher.  Full trading schedule through Wednesday, trains empty on way in this morning.  Volatility as an asset class Manitowoc (MTW) is up $2.09 to $23.01 in the […]

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CBOE Mid-Day Update 12.26.14

Volatility as an asset class Oil indexes and ETF option implied volatility is elevated as WTI Crude oil trades below $57 ProShares Ultra DJ-UBS Crude Oil (UCO) overall option implied volatility of 92 compares to its 26-week average of 45. Energy Select Sector SPDR (XLE) overall option implied volatility of 26 compares to its 26-week […]

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Blogging Optiions: CBOE Morning Update 12.26.14

Regular trading hours today but trains empty into work this morning.  Boxing Day holiday today, several major exchanges around world are closed  (England, Hong Kong, Australia, etc., and as St Stephens Day in South Africa). Futures higher, trying to add on to Wednesdays (light volume) higher close.  Brent Crude above $60 bbl, Nat Gas ticked […]

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CBOE Mid-Day Update 12.24.14

Volatility as an asset class Global option implied volatility stays elevated on wide price movement iShares FTSE Xinhua China 25 Index (FXI) overall option implied volatility of 24 compares to its 26-week average of 20. MSCI Brazil Index (EWZ) overall option implied volatility of 31 compares to its 26-week average of 29. iShares MSCI Germany […]