Crude Oil Volatility Falls as Futures Edge Lower for Second Day

Oil options volatility decreased as the underlying futures fell below 0.2 percent for the second consecutive day.
The implied volatility in the money options that expire in May, a measure of expected price swings in the future and an indicator of option prices, 30.9 percent of the 4 pm in New York, compared with 32.3 percent yesterday and 37.6 percent a week ago.
Crude for May delivery fell 20 cents to settle at $ 105.40 a barrel on the New York Mercantile Exchange. Prices have risen 3.5 percent since March 18, the first weekly advance in three. They have gained 31 percent in the last year.
The most active contracts in electronic trading today May gets $ 100 with 1.211 lots changed hands. Fell 11 cents to $ 1.01 per barrel. May calls for $ 110, the contract is still active, lost 28 cents to $ 1.41 a barrel, with 1133 sales contracts. A contract is 1,000 barrels of oil.
Nymex distributed real-time data for electronic commerce and information notes on the trade floor, where the bulk of options trading occurs, the following business day.
June $ 130 calls were the most active options traded yesterday, with 4,049 lots changed hands. It lost 9 cents to 67 cents per barrel. The next most active option, makes $ 100 in May, remained unchanged from the previous day at $ 1.12 to 3.382 lots.
Open interest was higher for December 2012 $ 80 puts to 39,138 contracts. The following December $ 100 calls, with 38,916 and in June $ 150 calls with 38,883.

(Source: http://www.bloomberg.com/news/2011-03-25/crude-oil-volatility-falls-as-futures-edge-lower-for-second-day.html)