PowerShares DB US Dollar Index Down (NYSE: UDN) is a rules-based index composed solely of short USDX futures contracts. The USDX futures contract is designed to replicate the performance of being short the U.S. dollar against the following currencies: euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. UDN closed at $26.69. UDN over all option implied volatility of 18 is below its 26-week average of 22, according to Track Data, suggesting decreasing price movement.
PowerShares Commodity Index volatility (NYSE: DBC) is a rules-based index composed of futures contract on six of the most heavily-traded and important physical commodities in the world: crude oil, heating oil, gold, aluminum, corn and wheat. DBC closed at $23.97. DBC over all option implied volatility is of 38 is below its 26-week average of 42, according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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