This Week in OVX

OVX Futures –

The CBOE Crude Oil ETF Volatility Index (OVX) measures the market’s expectations of 30-day volatility of crude oil prices by applying the VIX methodology to the United States Oil Fund, LP (USO). The biggest move in the volatility trading arena last week was in the OVX index and futures. The OVX index was up over 7% to 37.51 with near dated futures contacts mirroring this move. The farther dated contacts were strong, but lagged the near dated futures and index.