It will be interesting to see what type of volatility will hit this market over the coming weeks ahead. (nadex.com)
There are many different types of volatility, but options traders tend to focus on historical and implied volatilities. (ally.com)
Before I get sidetracked, let me mention the fact that there are two types of volatility in commodity options trading (and really all options trading for that matter): Historical and implied. (nerdom.net)