Options Update: VIX Rises 24% on Antigovernment Protests in Egypt

Filed under: Options

CBOE Volatility Index (VIX) rises 24% to 20.03 on antigovernment protests in Egypt.

United States Oil Fund (USO) closed up 4.3% as WTI Crude futures have traded up 4.37% to $89.38, according to Bloomberg. Traders were focused on short-term February 38 calls. February put option implied volatility of 29 is below its 26-week average of 31 according to Track Data, suggesting decreasing price movement.

Option volume leaders are Apple (AAPL), Citigroup (C), Amazon.com (AMZN) and Netflix (NFLX), according to Track Data.

Options Update is by Stock Specialist Paul Foster of theflyonthewall.com.

Options Update: VIX Rises 24% on Antigovernment Protests in Egypt originally appeared on BloggingStocks on Sat, 29 Jan 2011 09:40:00 EST. Please see our terms for use of feeds.

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