Blogging Options: CBOE Morning Update

Volatility as an asset class:

United States Oil Fund (USO) is down 9c to $34.95 in the premarket. WTI Crude futures are recently up 0.35% to $90.98. Overall option implied volatility of 28 is below its six-month average of 31.

iShares Silver Trust (SLV) is flat at $27.44 in the premarket. Silver Futures are up .15% to $28.20. Overall option implied volatility of 34 is near its six-month average of 34.
SPDR Gold Trust (GLD) is higher by 7c to $151.48 in the premarket. Gold is up 0.24% to $1563. Overall option implied volatility of 22 is near its 26-week average of 21.

Puts with volume increases at CBOE;
RIMM 7/21/2012 10 16K contracts
HPQ 11/17/2012 17 15K
KMI 6/16/2012 45 10K 507
LCC 6/16/2012 11 10K
AAPL 5/25/2012 565 7K

CBOE Volatility Index-VIX closed at 21.54, down 0.79 yesterday, 10-day moving average is 22.39, 50-day moving average is 18.19.

U.S. equities are mixed to lower as European stocks retreat 0.5%. U of M Report mid-morning, then bonds close early for Memorial Day weekend.

 SPXpm volume impressive lately. FB options Tuesday, more on that mid-day.