We saw a surge in the implied volatility of gold, after the FOMC announcements on Wednesday.
(click to enlarge)
FWIW, I’m thinking now is a good time to dump my life savings into 2010 and 2011, bull call spreads on GLD, GVX, amongst other things…talk me out of it.
UPDATE. I wrote this post around 4:30 on sunday. I realized, again, nobody online plots the historic implied volatility of oil and gold. So, I added it to http://www.curvingfutures.com, and by 9:30 PM, I was finished parsing the CBOE data and plotting it. Fun, fun. Check out the Implied volatility page here.