Blogging Options: CBOE Mid-day Update

Volatility as an asset class;
 
SPDR Gold Trust (GLD) October call option implied volatility is at 14, November and December is at 15; below its 26-week average of 20 as gold recently trades at $1,780, near a 11-month high.
 
iShares Silver Trust (SLV) October, November and December call option implied volatility of 27 is below its 26-week average of 33 as silver recently trades at $34.81, near a seven-month high.

United States Natural Gas Fund (UNG) October call option implied volatility is at 40, November and January is at 38; below its 26-week average of 48 as natural gas futures recently trade at $3.43, near a ten-month high.

CBOE Volatility Index (VIX) is recently down 10c to 16.22. VIX is trading below its 100-day moving average of 18.11.

S&P 100 Options (OEX) is recently down 1.34 to $664.52 as Spain’s Prime Minister said a bailout request would not come this weekend, as widely speculated.