Copper options volatility eases as market settles down

摘要

Front month at-the-money (ATM) volatility for copper traded optionshas fallen from mid-month near five-year highs, while theunderlying market has calmed down, settling back from 17-monthhighs.Volatility is now around 25.5%, having surged to above 38.5% onNovember 11, the highest since December 2011. But it remains wellabove the 15-17% levels that prevailed before the post-LME Weekrally that saw the three-month copper price hit $6,025 per tonne – itcurrently stands at around $5,570 per tonne.