Blogging Options: CBOE Morning Update

Volatility as an asset class;

SPDR Gold Trust (GLD) is up 26c to $171.57 in the premarket as gold trades above $1772. Overall option implied volatility of 20 is near its 26-week average.

iShares Silver Trust (SLV) overall implied volatility of 32 is near its 26-week average of 33 as silver trades above $34.57.

Freeport-McMoRan Copper & Gold (FCX) is up 83c to $42.62 in the premarket as copper trades up 3.34%. Overall option implied volatility of 33 is below its 26-week average of 36.
 
 
PowerShares Commodity Index (DBC) is up 36c to $29.78 in the premarket as commodity prices trend higher. Over all option implied volatility of 17 is below its 26-week average of 19.
 
 
CBOE Volatility Index (VIX) closed at 14.05, below its 10-day moving average of 16.35 and its 50-day MA of 16.48.
 
 
Puts with increasing volume at CBOE;
 
SPY 9/22/2012 141 52K contracts
 
AIG 9/22/2012 34 23K
 
GLD 9/14/2012 166 14K

U.S. stocks at highest levels since December 2007. United Health replaces Kraft as DJIA component. CPI up 0.6%, Core higher by 0.1%. Read previous bvlog by Russell on VIX futures volume, very interesting.

Conductor on my train told how conductors in Kenosha yard dining on kringles this morning after Packers whip Bears.