S&P Retail Index SPDR (NYSE: XRT) seeks to replicate as closely as possible to the performance of the S&P Retail Select Index. XRT closed at $34.65. Retailers are scheduled to report September sales this morning. XRT October option implied volatility is at 30, November is at 32; versus its 26-week average of 38, according to Track Data, suggesting decreasing price movement.

China Petroleum & Chemical (NYSE: SNP) closed at $86.99. WTI Crude futures are up .89% to $70.89 according to Bloomberg. SNP overall option implied volatility of 36 is below its 26-week average of 46, according to Track Data, suggesting decreasing price movement.

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

China Petroleum & Chemical (NYSE: SNP), an energy and chemical company based in the People's Republic of China, closed at $98.35. WTI Crude Futures are down 0.33% to $123.82 according to Bloomberg. SNP overall option implied volatility of 46 is below its 26-week average of 57 according to Track Data, suggesting decreasing price risk.

China Life Insurance (NYSE: LFC) offers products and services, including individual life insurance, accident insurance and health insurance in China. LFC closed at $62.37. LFC overall option implied volatility of 42 is below its 26-week average of 50, suggesting decreasing price risk.

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

China Petroleum & Chemical (NYSE: SNP), an energy and chemical company based in the People's Republic of China, closed at $99.67 Tuesday.

SNP issued a profit warning on April 19 for 1Q08 indicting that net profits will decline more than 50% on a yoy basis. WTI Crude Futures are down 0.26% to $117.76 according to Bloomberg.

SNP overall option implied volatility of 53 is near its 26-week average of 55 according to Track Data, suggesting non-directional price risk.

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