Oil Options Volatility Changes Little as Budget Talks Stalled
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Crude options volatility was little changed as underlying futures edged lower while the market waited to see if a U.S. budget deal can be struck this year.
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 25.1 percent on the New York Mercantile Exchange as of 3:20 p.m., up from 24.96 percent yesterday.