Proshares UltraShort Barc 20 Year Treasury ETF (NYSE: TBT) closed at $57.14. TBT June option implied volatility is at 48, above a level of 36 from May 21 and above its 23-week average of 45, according to Track Data, suggesting larger price movement.

ProShares UltraShrt Lehman 7-10 Yr ETF (NYSE: PST) closed at $58.48. PST July call option implied volatility is at 24, above a level of 17 from May 21, and near its 19-week average of 23, according to Track Data, suggesting increasing price movement.

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

ProShares UltraShrt Lehman 7-10 Yr ETF (NYSE: PST) closed at $57.16. The U.S. Treasury is in the midst of raising $300 billion from credit investors to fund the economic stimulus plan. PST overall option implied volatility of 24 is near its three-week average according to Track Data, suggesting non-directional price movement.

iShares Barclays Capital Long Term Tr ETF (NYSE: TIP) closed at $100.50. TIP overall option implied volatility of 12 is near its 26-week average according to Track Data, suggesting non-directional price movement.

Volatility Index S&P 500 Options - VIX at 43.63; 10-day moving average is 43.25.

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