Market Vector Gold Miners (GDX) closed at $44.64. Gold is recently up 0.19% to $1120.40. GDX overall option implied volatility of 39 is below its 26-week average of 43, according to Track Data, suggesting decreasing price movement.

Southern Copper (SCCO) closed at $30.08. Copper is recently up 1.95% to 334.80, according to Bloomberg. SCCO March option implied volatility is at 41, April and June is at 42; near its 26-week average of 43, according to Track Data, suggesting non-directional price movement.

CNOOC Ltd (CEO) closed at $161.32. WTI crude futures are recently up 0.09% to $81.60, according to Bloomberg. CEO January option implied volatility is at 33, February is at 33; below its 26-week average of 41 according to Track Data, suggesting decreasing price movement.

Market Vector Gold Miners (GDX) closed at $47.71. Gold is recently up 0.30% to $1121.70. GDX overall option implied volatility of 43 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.

HSBC Holdings (HBC) is recently trading at $57.40 in pre-open trading, below its close of $62.07, due the uncertainty of Dubai World; the government investment company sought to delay repayment on much of its debt. HSBC December and January option implied volatility of 29 is below its 26-week average of 36, according to Track Data, suggesting decreasing price movement.

Market Vector Gold Miners (GDX) is recently down $2.02 to $50.81 in pre-open trading. Gold is recently down 2.23% to $1162.10. GDX December and January option implied volatility of 43 is below its 26-week average of 49, according to Track Data, suggesting decreasing price movement.

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

Amazon (AMZN) closed at $126.20. AMZN December option implied volatility is at 44, January is at 43; versus its 26-week average of 47, according to Track Data, suggesting decreasing movement.

Market Vector Gold Miners (GDX) is recently up $1.13 to $48.75 in pre-open trading. Gold is recently up 1.11% to $1107.90. GDX November and December option implied volatility of 49 is below its 26-week average of 52, according to Track Data.

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