CBOE INTRODUCES NEW CRUDE OIL VOLATILITY INDEX (OVX); New Benchmark Applies VIX Methodology To Options On The United States Oil Fund (USO)

CHICAGO, July 14, 2008 – The Chicago Board Options Exchange (CBOE) announced today that beginning on Tuesday, July 15, 2008, the Exchange will be publishing the CBOE Crude Oil Volatility Index (ticker symbol OVX).The OVX, or “Oil VIX,” measures the market’s expectation of 30-day volatility of crude oil prices by applying the well…

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