Oil Options Volatility Rises as Deadline Nears on Budget Deal
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Crude options volatility rose as the deadline neared for reaching a federal budget deal before automatic spending cuts and tax increases take effect.
Implied volatility for at-the-money options expiring in February, a measure of expected price swings in futures and a gauge of options prices, was 25.56 percent on the New York Mercantile Exchange as of 2:55 p.m., an increase from 24.95 percent yesterday.