Blogging Options: CBOE Mid-day Update

Volatility as an asset class
 
The decrease of confidence by investors has caused a sell-off in both the equities and commodities markets. SPDR S&P 500 ETF (SPY) is recently down 57c to $122.49.

CBOE Volatility Index (VIX) is recently up 38C at 25.79. Below its 10-day moving average of 27.34 and 50-day MA of 30.94.
 
VIX methodology for Market Vectors Gold Miners Fund (VXGDX) up 12.9% to 42.09, gold down 4.67% to $1,585.
 
SPDR Gold Trust (GLD) is recently down $4.59 to $153.84. Overall option implied volatility of 25 is near its 26-week average of 26 with 514K contracts trading @ the CBOE.
 
VIX methodology for iShares Silver Trust (VXSLV) up 13% to 51.30; silver down 7.26%.
 
iShares Silver Trust (SLV) overall implied volatility of 44 is near its 26-week; with 174K contracts trading @ the CBOE.
 
VIX methodology for Energy Select Sector SPDR (VXXLE) is recently up 2.7% to 35.55; oil down 4.38% to $95.75.

United States Oil Fund (USO) is recently down $1.70 to $36.91. Overall option implied volatility of 35 is near its 26-week average with 177K contracts trading @ the CBOE.