JLN Options: Fiscal cliff uncertainty stirs Vix volatility

Dec 28, 2012

Fiscal cliff uncertainty stirs Vix volatility
Dow Jones Newswires
The market’s so-called fear gauge vaulted above a closely watched level Thursday on “fiscal-cliff” anxiety, before soothing news pulled the Vix down and diminished deep stock-market declines late in the day. With less than five days remaining to reach a budget agreement to advert the fiscal cliff, the Chicago Board Options Exchange’s Volatility Index Thursday jumped to the highest intra-day level since July – before pulling a remarkable turnaround to highlight investor indecisiveness.

Call Ratio Trades in SPDR Gold Trust (GLD)
The Options Insider
Posted by Andrew Giovinazzi in Unusual Activity
Shares of the SPDR Gold Trust (GLD) are trading down .61 to 160.54. GLD is trading $2.00 near the bottom of its recent range.

Mergers That Benefit Market Structure
By LARRY TABB in The New York Times
A recent editorial in The New York Times looked at the proposed acquisition of the New York Stock Exchange by the IntercontinentalExchange and that of Knight Capital by Getco.

Oil Options Volatility Changes Little as Budget Talks Stalled
Crude options volatility was little changed as underlying futures edged lower while the market waited to see if a U.S. budget deal can be struck this year.

The Best Small Caps For 2013 That You’ve Never Heard Of
Seeking Alpha
4.) CBOE Holdings (CBOE) – This company is the owner of the Chicago Board Options Exchange, and offers electronic access for its trading products as well as access on its floor in Chicago. CBOE expects trading volumes to increase next year due to the addition of a London trading hub, as well as 24-hour-a-day trading.

Options Bet Looks for Tech to Ring in New Year With Gains
By Kaitlyn Kiernan, The Wall Street Journal
NEW YORK–Technology shares have had a tough quarter, dropping 7.5% while the broader market slid just 2%. But one options trader Friday was optimistic 2013 would herald a rapid recovery.
A large options bet on the Technology Select Sector SPDR Fund (XLK) looks for shares to return above $30 a share–a level the exchange-traded fund hasn’t traded at since October.

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