streetTracks Gold Shares (NYSE: GLD) closed at $90.92. Gold is recently up 0.56% to $929.50 according to Bloomberg. GLD July option implied volatility is at 21, August is at 92; below its 26-week average of 34, according to Track Data, suggesting decreasing price movement.

UltraShort S&P500 ProShares (NYSE: SDS) is recently down 65 cents to $58.05 in pre-open trading. SDS seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS July option implied volatility is at 55, August is at 58; below its 26-week average of 73, according to Track Data, suggesting decreasing price movement.

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

Microsoft (NASDAQ: MSFT) closed at $19.75. MSFT Window 7 is expected to be released in late 2009-early 2010. MSFT June option implied volatility is at 33, July is at 36; below its 26-week average of 45, according to Track Data, suggesting decreasing price movement.

UltraShort S&P500 ProShares (NYSE: SDS) is recently up 66 cents to $61.20 in pre-open trading. SDS seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS option implied volatility of 60 is below its 26-week average of 74, according to Track Data, suggesting decreasing price movement.

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

UltraShort S&P 500 ProShares (NYSE: SDS) closed at $72.71 Tuesday. SDS seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS overall option implied volatility of 74 is near its 26-week average of 71, according to Track Data, suggesting non-directional price movement.

UltraShort QQQ ProShares (NYSE: QID) closed at $58.37 Tuesday. QID seeks daily investment results that correspond to twice the inverse daily performance of the NASDAQ-100 index. QID overall volatility of 77 is below its 26-week average of 84 according to Track Data, suggesting decreasing price movement.

UltraShort Financials ProShares (NYSE: SKF) closed at $111.16 Tuesday. SKF is an exchange traded fund seeking daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. SKF January option implied volatility of 110 is near its 26-week average of 104, according to Track Data, suggesting non-directional price movement.

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

UltraShort S&P 500 ProShares (NYSE: SDS) is recently trading down 84 cents to $88 in pre-open trading. SDS seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS January option implied volatility of 94 is above its 26-week average of 68 according to Track Data, suggesting larger price movement.

UltraShort QQQ ProShares (NYSE: QID) is recently down 1.95 to $68.35 in pre-open trading. QID seeks daily investment results that correspond to twice the inverse daily performance of the NASDAQ Index-100 Index. QID January option implied volatility of 108 is above its 26-week average of 87 according to Track Data, suggesting larger price movement.

UltraShort Financials ProShares (NYSE: SKF) is recently is recently down $2.97 to $127.89 in pre-open trading. SKF is an exchange traded fund seeking daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. SKF January option implied volatility of 155 is above its 26-week average of 99 according to Track Data, suggesting larger price movement.

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

UltraShort S&P500 ProShares (NYSE: SDS) is recently trading at $65.10 in pre-open trading, below its close of $72.50. SDS seeks daily investment results that correspond to twice the inverse daily performance of the S&P 500. SDS October option implied volatility of 66 is above its 26-week average of 46 according to Track Data, suggesting larger price movement.

UltraShort FTSE/Xinhua China 25 Proshares (NYSE: FXP) is recently trading at $88.52 in pre-open trading, below its close of $108.55. FXP October option implied volatility of 133 is above its 26-week average of 79 according to Track Data, suggesting larger price movement.

UltraShort Financials ProShares (NYSE: SKF) is recently trading at $87.96 in pre-open trading, below its close of $115.44. SKF is an exchange-traded fund seeking daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Financials Index. SKF October option implied volatility of 161 is above its 26-week average of 75 according to Track Data, suggesting larger price movement.

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