Tag Archives: OVX

Volatility Index Reactions to Thursday’s Market Action

The cool weather has been making it feel like summer is ending and the markets acted like it as well. History tells us that September and October are treacherous months for the stock market and like the cool weather we got a swoon in the S&P 500 today. The result was fairly decent moves in […]

Gold and Oil Volatility Last Week – 7/6/2014

The United States Oil (USO – 38.25) ETF was lower last week as the geopolitical risk in the price of oil seems to be subsiding. We saw OVX rally a few weeks ago when the price of oil moved higher based on increased tension in the Middle East. Now the price of oil starts to […]

Last Week in Gold and Oil Volatility – 6/22/2014

The price of oil remains a bit elevated based on extra perceived risk in the Middle East. Despite the price of a barrel of oil well over $100, the lack of follow though from previous moves higher resulted in OVX backing off slightly last week.   The price of gold woke up a bit with […]

Oil and Gold Volatility Last Week – 6/15/2014

Everyone has been asking about volatility (or lack thereof) in 2014. It has kept me busy explaining why implied volatility in the stock market has been relatively low this year and how it has been justified. However, for those looking for volatility you need not look much further than the chart below. With the political […]

Last Week in Gold and Oil Volatility – 6/8/2014

The price of oil is sputtering around and going nowhere. The result is that like VIX the CBOE Oil ETF Volatility Index (OVX -14.50) managed to close at a record low level on Friday. OVX data goes back to 2007 and 14.50 was the lowest close since December 26, 2013. For accuracy sake I’ll note […]

Last Week in Gold and Oil Volatility – 6/1/2014

Oil futures dropped a couple of dollars last week to settle in the 102 range and the response from USO volatility in the form of the CBOE Crude Oil Volatility Index (OVX – 15.61) was a small drop as oil may be range bound between 100 and 105.  Range bound markets, especially commodity oriented markets, […]

Last Week in Gold and Oil Volatility – 5/26/2014

The SPDR Gold Shares ETF (GLD – 124.51) rose 0.01 last week and traded in a very narrow range for the second consecutive week. Despite the lack of price action in GLD the CBOE Gold ETF Volatility Index (GVZ – 14.52) rose about 3.4% last week. I would be a little more alarmed by this […]

Last Week in Gold and Oil Volatility – 5/18/2014

When we approach VIX in a historical context we often talk about VIX in terms of 2008. For instance saying something like, “VIX made a post-2008 low on so and so day”. For the CBOE Gold ETF Volatility Index (GVZ) the reference point has been April 15, 2013. For those with short memories the price […]

Last Week in Gold and Oil Volatility – 5/11/2014

Changes in the price of gold can often be considered a measure of fear in the markets when it comes to international conflicts. Throughout the whole ‘crisis’ that is occurring between Ukraine and Russia gold has not really reacted like there is anything other than a normal real estate transfer going on between those two […]

Last Week in Gold and Oil Volatility – 4/27/2014

Gold is supposed to be one of those markets that will display a lot of volatility when there is turmoil in the world.   I think the situation between Russia and Ukraine should at minimum qualify as ‘turmoil’.  However the gold market and gold volatility aren’t buying it, at least not yet.   The price of gold, […]

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