CBOE Crude Oil ETF Volatility Index

OVX

VIX	22.01	-3.09
OVX	30.01	-3.17
GVZ	20.69	-2.60
EVZ	12.09	-0.75
VXV	24.71	-2.95

Delayed Quotes

The CBOE Crude Oil ETF Volatility Index ("Oil VIX", Ticker - OVX) measures the market's expectation of 30-day volatility of crude oil prices by applying the VIX^® methodology to United States Oil Fund, LP (Ticker - USO) options spanning a wide range of strike prices.

Key Links

The United States Oil Fund is an exchange-traded security designed to track changes in crude oil prices. By holding near-term futures contracts and cash, the performance of the Fund is intended to reflect, as closely as possible, the spot price of West Texas Intermediate light, sweet crude oil, less USO expenses.

If you wish to create customized, up-to-date charts, please visit the Advanced Charts page

Price Charts

Updated Price Charts

CBOE Crude Oil Volatility Index (OVX) : www.cboe.com/OVX

Intraday

1 week

3 month

6 month

1 year

5 year

5 year % change vs. S&P 500 Index (SPX) *

* The S&P 500 Index (SPX) is a price index that does not include reinvested dividends.

Historic Volatility

CBOE began trading USO options on May 9, 2007. In just over a year, USO options are among the most actively traded contracts, averaging over 50,000 contracts per day, industry-wide, in Q2 2008. As shown below, USO option prices - and implied volatility levels - accurately reflect the implied volatility for front-month NYMEX WTI futures options.

More Index Charts

Link to more Index Charts

Links for More Up-to-date Price Information

Price Quotes Page
Advanced Charts

Spreadsheets with Historical Price Data

Oil VIX historical prices since May 10, 2007
Historical Daily Prices - Spreadsheet with Closing Prices for Several Indexes
Historical Month-end Prices - Spreadsheet with Closing Prices for Several Indexes
In addition, Market Data Express gives users access to more than 16 years of historical options data

If you wish to create customized, up-to-date charts, please visit the Advanced Charts page

Correlations of Daily Returns

There were three days in August 2011 in which the USO ETF fell by more than 6%, and the OVX Index rose by more than 26%.

Options Profit-and-Loss Diagrams

* In the Protective Put and Buy-write diagrams, the faint grey line represents an equity position, and the colored "hockey-stick-shaped" line represents the combined stock plus options position. For more details, please click on strategies.

Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of Characteristics and Risks of Standardized Options (ODD). Copies of the ODD are available from your broker, by calling 1-888-OPTIONS, or from The Options Clearing Corporation, One North Wacker Drive, Suite 500, Chicago, Illinois 60606. The information on this website is provided solely for general education and information purposes and therefore should not be considered complete, precise, or current. Many of the matters discussed are subject to detailed rules, regulations, and statutory provisions which should be referred to for additional detail and are subject to changes that may not be reflected in the website information. No statement within the website should be construed as a recommendation to buy or sell a security or to provide investment advice. The inclusion of non-CBOE advertisements on the website should not be construed as an endorsement or an indication of the value of any product, service, or website. The Terms and Conditions govern use of this website and use of this website will be deemed acceptance of those Terms and Conditions.