Genesis Energy’s implied volatility
Genesis Energy’s (GEL) implied volatility has come down significantly after increasing to over ~90.0% in the beginning of 2016. GEL’s current implied volatility is 33.6%. This is 9.6% higher than its 15-day average of 30.7%.
The increase in GEL’s volatility during the first three months of 2016 could be attributed to the volatility in commodity prices. However, as the commodity prices started to recover, the company’s implied volatility has come down.