Volatility as an asset class
SPDR Gold Trust (GLD) is recently down 76c to $167.42 in pre-open trading as gold holds steady at $1,730. Overall option implied volatility of 24 is below its 26-week average of 26.
Freeport McMoRan (FCX) overall option implied volatility of 47 is near its 26-week average of 49 as copper moves up 0.38%.
iShares Silver Trust (SLV) overall implied volatility of 43 is near its 26-week average of 44 as silver moves down 0.47% to 32.59.
United States Oil Fund (USO) is recently down 0.2% in pre-open trading as oil trades at $101.21. Overall option implied volatility of 35 is near its 26-week average.
Russell 2000 (IWM) overall option implied volatility of 31 is above its 26-week average of 27 as U.S. equity’s are mixed in pre-open trading into leaders meeting for a European summit on Thursday.
CBOE significant call volume increases;
AMGN 12/17/2011 65 17K contracts
HL 1/21/2012 6 13K
BAC 12/17/2011 6 9K
GE 12/17/2011 17 5K
EXXI 12/17/2011 27 5K
MRVL 1/21/2012 15 4K
SFSF 12/17/2011 40 4K
Sleepy opening, futures close to unchanged.