Volatility pop

The early signs of hurricane risk were magnified when new information regarding Russian military movements hit the wires. Options volatility rapidly increased well over Wednesdays levels. Crude oil quickly was up more than $5.0/bbl and refined products over 14 cpg. As mentioned by previous posts, there is plenty of upside risk to consider. Product options expire Tuesday. Please IM, email or call for strategies prior to the weekend. Also note that Monday is a bank holiday in the UK and traders most likely will not go out short.