Volatility as an asset class
iPath S&P GSCI Crude Oil Total Return (OIL) is recently down 60c to $11.61 as WTI crude oil trades below $51. January call option implied volatility is at 67, February is at 62; compared to its 26-week average of 27.
Energy Select Sector SPDR (XLE) is recently down $3.39 to $76.14. January weekly call option implied volatility is at 41, January is 34, March is at 32; compared to its 26-week average of 21.
ProShares Ultra DJ-UBS Crude Oil (UCO) is recently down[...]