Blogging Options: CBOE Mid-day Update

Volatility as an asset class

SPDR Gold Trust (GLD) is recently down 2.5% to $176.20 as gold sell’s off 3.11% to $1816. September call option implied volatility is at 37; above a level of 16 from June 16 and its six-month average of 22, suggesting larger price movement.
 
iShares Silver Trust (SLV) is recently down 3.6% to $39.07. Silver Futures are recently down 3.11% to $40. Overall option implied volatility of 45 is above its six-month average of 41. SLV September 40 and 41 calls are active.

United States Oil Fund (USO) is recently up 19c to $34.06. WTI Crude futures are recently up 0.83% to $87.96. Overall option implied volatility of 43 is above its six-month average of 37.