Diamonds Fund (DIA) is recently up 34 cents to $108.78 in pre-open trading. DIA is an ETF whose objective is to correspond to the price and yield performance of the Dow Jones Industrial Average-DJIA. DIA overall option implied volatility of 15 is below its 26-week average of 18, according to Track Data, suggesting decreasing price movement.

Utilities SPDR (XLU) closed at $29.38. XLU overall option implied volatility of 15 is near its 26-week average of 16, according to Track Data, suggesting non-directional price movement.

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

Diamonds Fund (NYSE: DIA) closed at $100.86.39 DIA is an ETF whose objective is to correspond to the price and yield performance of the Dow Jones Industrial Average-DJIA. DIA November call option implied volatility is at 15, puts are at 20, December call volatility is at 16, puts at 22; below its 26-week average of 23, according to Track Data, suggesting decreasing price movement.

Freeport McMoRan (NYSE: FCX) closed at $78.63. FCX is expected to report Q3 EPS on October 21. FCX November call option implied volatility is at 42, puts at 45, December calls are at 42, puts are at 46; below its 26-week of average of 60, according to Track Data, suggesting decreasing price movement.

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