Blogging Options: CBOE Afternoon Update

ETF Mover’s
 
United States Oil Fund (USO) is recently up 97c to $33.62 as WTI crude futures rally 2.99% to $86.75. USO overall option implied volatility of 42 is above its six-month average of 36.
 
iShares Silver Trust (SLV) is recently up 33c to $31.27 as silver futures rally 1.18% to $32.04. SLV options are active on the CBOE with 103K contracts trading and overall option implied volatility at 50; above its six-month average of 44.

SPDR Gold Trust (GLD) is recently up $1.16 as gold rallies 0.65% to $1679. GLD options are active on the CBOE with 111K contracts trading and overall option implied volatility at 27; compared to its 26-week average of 25.

VIX at 29.37, a 4% drop. Last VIX close below 30 was August 3rd. 

DJIA up ~100.

SPX, +13, within a point of unchanged for the year.