Options Update: Amex Energy Select Volatility Flat and Oil at 30-Month High on Middle East and North Africa Uncertainty

Filed under: Options, Oil

WTI Crude oil futures closed up 3.09% to $98.37 according to Bloomberg. Amex Energy Select (XLE) closed up 2.0% with March and April put option implied volatility of 24 remaining near its 26-week average according to Track Data, suggesting non-directional price movement.



CBOE Volatility Index, VIX, is up 1.13 to 21.93; 10-day moving average is 17.19, 100-day moving average 18.54.



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

Options Update: Amex Energy Select Volatility Flat and Oil at 30-Month High on Middle East and North Africa Uncertainty originally appeared on BloggingStocks on Wed, 23 Feb 2011 18:30:00 EST. Please see our terms for use of feeds.

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