Yesterday, shares of Statoil ASA (STO) were trading up .10 to $24.68. STO traded as high as $24.71 today and is still looking to get back to three-month highs of over $27.
Paper bought STO the Jan 27.5 calls for .10 in a block of 1,072 contracts.? The bid was posted and other sellers filled the order.? A total of 1,429 contracts traded on the day.? Volatility is up 127% on the STO Jan 17.5?s to 26%. The big jump in IV is from the strike not having a bid the day prior. ?Open interest of over 3,800 contracts indicates this could be closing paper and the buyer is positioning for another call sale. STO trades just over 500 contracts per day.
30-day implied volatility is 19%. 10-day implied volatility is 11%.? 30-day implied volatility is trading well over the 10-day historical volatility.?
Statoil ASA (STO) is an integrated energy company primarily engaged in oil and gas exploration and production activities based in Sweden.