NovaGold (NG) sold off 3% after rallying 50% over the last two-weeks as gold price surged and traders puchased it as an inflation hedge. Options were active with December and January option implied volatility of 66, above its 26-week average of 56, according to Track Data, suggesting larger price movement.

NASDAQ 100-QQQQ overall implied volatility at 19; 26-week average is 25.

Semiconductor Holders Trust (SMH) overall volatility at 24; 26-week average is 28.

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

NASDAQ 100 (NASDAQ - QQQQ)verall implied volatility at 26; 26-week average is 32

Semiconductor Holders Trust - SMH overall volatility at 30; 26-week average is 38

Russell 2000 - IWM overall implied volatility at 27; 26-week average is 39

Financial Select Sector - XLF overall volatility at 37; 26-week average is 58

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

NASDAQ 100 (NASDAQ: QQQQ) overall implied volatility at 28; 26-week average is 35

Semiconductor Holders Trust (NYSE: SMH) overall volatility at 36; 26-week average is 43

Russell 2000 (NYSE: IWM) overall implied volatility at 34; 26-week average is 44

Financial Select Sector (NYSE: XLF) overall volatility at 49; 26-week average is 65

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

Texas Instruments (NYSE: TXN) is expected to report Q1 EPS on April 20. TXN May option implied volatility is at 50; June is at 45; near its 26-week average of 50, according to Track Data, suggesting non-directional price movement.

Semiconductor Holders Trust (NASDAQ: SMH) overall volatility at 44; 26-week average is 47.

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

Volatility Index S&P 500 Options - VIX at 23.20; 10-day moving average is 20.92

Volatility Index NASDAQ 100 - VXN at 26.26; 10-day moving average is 25.24

NASDAQ 100-QQQQ overall option Implied Volatility at 26; 26-week average is 24

Semiconductor Holders Trust - SMH option implied Volatility 27; 26-week average is 23

IShares Russell 2000 - IWM option implied volatility at 28; 26-week average is 24

Amex Financial Select Sector - XLF implied volatility at 33; 26-week average is 23

ISE Sentiment Index-ISEE 144 new Calls purchased for every new Put on 11/1/07. ISEE 10-day moving average is 138. ISEE 50-day moving average is 133.

November front month Equity Options expire; 11/16/07

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

Volatility Index S&P 500 Options-VIX at 27.37; 10-day moving average is 24.62

Volatility Index NASDAQ 100-VXN at 29.94; 10-day moving average is 25.95

NASDAQ 100 (NASDAQ: QQQQ) overall option Implied Volatility at 26; 26-week average is 21

Semiconductor Holders Trust (AMEX: SMH) option implied Volatility 27; 26-week average is 23

IShares Russell 2000 (NYSE: IWM) option implied volatility at 30, 26-week average is 22

Amex Financial Select Sector (AMEX: XLF) implied volatility at 30; 26-week average is 22

ISE Sentiment Index-ISEE 90 new Calls purchased for every new Put on 9/10/07. ISEE 10-day moving average is 122. ISEE 50-day moving average is 123.

September front month Equity Options expire; 9/21/07

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