Amex Energy Select (XLE) volatility ticks up as oil trades below $104

Amex Energy Select (NYSE: XLE) is recently down 1.7%. WTI Crude oil futures are recently down 4.89% to $103.90 according to Bloomberg. May put option implied volatility is at 26, June is at 27; compared to its six-month average of 24 according to Track Data.

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