Oil Options Volatility Drops as Crude Rises

Bloomberg reported that oil options volatility dropped after crude surged to a biggest weekly gain in 2012.

As quoted in the market news:

Implied volatility for at-the-money options expiring in April, a measure of expected price swings in futures and a gauge of options prices, was 28.3 as of 1 p.m. in New York, down from 29.9 yesterday.

Click here to read the full Bloomberg report.