Options Update: United States Oil Fund January Volatility Elevated

Filed under: Options, Oil

United States Oil Fund (USO) closed down $1.13 to $34.74. WTI Crude futures were recently down 2.97% to $77.87 according to Bloomberg. USO unit net asset value reflects the performance of the spot price of West Texas intermediate light crude. USO August put option implied volatility is at 39, September is at 33, October is at 34, January is at 36; above its 26-week average of 32 according to Track Data, suggesting larger price movement.



CBOE EuroCurrency Volatility Index (EVZ) was up $1.46 to $13.34.



CBOE Volatility Index (VIX) was up 2.87 to 25.19. S&P 500 down 2.79%.



Update is by Stock Specialist Paul Foster of theflyonthewall.com

Options Update: United States Oil Fund January Volatility Elevated originally appeared on BloggingStocks on Wed, 11 Aug 2010 17:40:00 EST. Please see our terms for use of feeds.

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