Blogging Options: CBOE Mid-day Update

Volatility as an asset class
Energy Select (XLE) is recently down 62c to $73.58 as WTI Crude oil recently trades down 1% to $106.32. March put option implied volatility is at 23, April is at 22, June is at 24; compared to its 26-week average of 30.

VIX methodology for Energy Select Sector SPDR (VXXLE) is recently down 6% to 20.53; below its 50-day moving average of 24.95.

United States Oil Fund (USO) is recently down 46c to $40.63. March put implied volatility is at 31; April is at 29; compared to its 26-week average of 33, suggesting decreasing price movement.
CBOE Volatility Index (VIX) is recently down 81c to 16.30, below a level of 21.24 on March 6, its 100-day moving average of 24.16, and its 200-day moving average of 26.14.