Shares Talisman Energy Inc. (TLM) are up 1.09 to 10.94 today.? TLM is near the middle of the 52 week range.

Today paper traded 2067 TLM Aug 11 calls for .30.? The ADV is 4571 contracts. The OI is 3812.

The volume went up in 1 block.? Paper is buying up options with abandon as the Aug 11s trade over 23k contracts.? Option buyers are pushing the volatility up 20 points in Aug and higher in all terms.

?30-day implied volatility is 54%.?? 10-day implied volatility is 21%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Talisman Energy Inc. (Talisman), is an oil and gas producers, through a combination of exploration, development and acquisitions. The Company’s business activities include exploration, development, production, transportation and marketing of crude oil, natural gas and natural gas liquids.