Blackberry Posts Loss as Revenue Misses Estimates
Crude Volatility Falls as Futures Gain on Senate Budget Deal
Crude oil options volatility fell as futures gained amid optimism Congress will end the 16-day government shutdown and raise debt ceiling, averting default.
Implied volatility for at-the-money December options, a measure of expected futures swings and a key gauge of value, slipped to 20.44 percent at 4:04 p.m. on the New York Mercantile Exchange from 21.57 percent yesterday.
West Texas Intermediate crude for December delivery rose $1.08, or 1.1 percent, to $102.49 a barrel on the Nymex.
Futures rose as the Senate and the House plan to vote on a deal crafted by Senate leaders and supported by President Barack Obama. House Speaker John Boehner said Republicans won’t prevent a vote on the Senate compromise.
Puts accounted for 56 percent of electronic trading volume today.
The most active options in electronic trading today were November $100 puts, which slipped 27 cents to 10 cents a barrel with 5,592 lots trading as of 4:53 p.m. November $103 calls rose 1 cent to 21 cents with volume of 3,689 lots.
In the previous session, puts accounted for 56 percent of the 108,735 lots traded.
November $100 puts were the most-active options yesterday, with 5,775 contracts trading as they advanced 10 cents to 37 cents a barrel. December $90 puts rose 4 cents to 27 cents on volume of 4,289 lots.
Open interest in the prior session was highest for December $90 puts, with 45,130 contracts. Next were December $80 puts with 41,741 lots and December $100 calls with 32,685.
The exchange distributes real-time data for electronic trading and releases information the next business day on open-outcry volume, where the bulk of options activity occurs.
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