Amex Energy Select (XLE) closed at $55.57. Crude oil futures are recently down 2.32% to $73.53 according to Bloomberg. XLE February, March put option implied volatility is at 31, versus its 26-week average of 30, according to Track Data, suggesting non-directional price movement.

CBOE S&P 500 2% OTM BuyWrite Index (BXY) closed at 874.95, above 200 day-moving average of 811.46. BXY uses the same methodology as the widely accepted CBOE S&P 500 BuyWrite Index (BXM), but the BXY Index is calculated using out-of-the-money S&P 500 Index (SPX) call options, rather than at-the-money SPX call options.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

MSCI Emerging Markets Index (EEM) closed at $42.86. EEM January put option implied volatility is at 27, February put volatility is at 31, versus its 26-week average of 33, according to Track Data, suggesting decreasing price movement in February.

Amex Energy Select (XLE) closed at $59.91. Crude oil futures are recently down .16% to $82.53, according to Bloomberg. XLE January put option implied volatility is at 22, February puts are at 25, versus its 26-week average of 30, according to Track Data, suggesting non-directional price movement.

KBW Regional Banking ETF (KRE) closed at $23.14. KRE February put option implied volatility is at 31, March puts are at 35; below its 26-week average of 41, according to Track Data, suggesting decreasing price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Amex Energy Select (XLE) closed at $55.77. Crude oil futures are recently up 0.04% to $73.96 according to Bloomberg. XLE December option implied volatility is at 30, January is at 29; versus its 26-week average of 32, according to Track Data, suggesting non-directional price movement.

PowerShares DB Gold Fund (DGL) closed at $41.36. Gold is recently down 0.11% to $1162.70 according to Bloomberg. DGL over all option implied volatility of 29 is near its 26-week average of 27 according to Track Data, suggesting non-directional price movement.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com