Tommy Humphreys | Dec 18, 2014 12:45AM ET
Over the weekend we pointed out this would be a crucial week for markets. This week’s volatility hasn’t really cleared anything up although there are some notable observations to be made after yesterday’s trading session:
Returns by Trading Day Since 1928
The main takeaway from this chart is that the majority of options market participants do not believe the lows are in for this decline in oil (also note that this is the market’s expectation for 30-day implied volatility of crude oil prices using United States Oil Fund (NYSE:USO) options)
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