The OVX index measures implied volatility of oil prices and is calculated by using movements in the prices of financial options for WTI. – The OVX reached 190 on March 20, an all-time high measurement for the index since it began in 2007. – Since 1999, daily movements in oil prices remained below 2 percent roughly 70 percent of the time. There have only been a handful of times in which prices moved by more than 10 percent in a single day in the past 20 years, but that occurred 6 times in March 2020. – On March 9, prices […]