Approach Resources (AREX) is trading up 1.08 to 26.78.? AREX is trading $4 off of 52-week lows.
Today 6,000 AREX Mar 22.5/25 put spreads traded for 0.70.? Open interest is 13 contracts on the strikes combined. AREX trades 308 contracts per day on average. The implied volatility is up .60 points in March. The trade went up marked as a buy.
30-day implied volatility is 42%.? ?10-day implied volatility is 15%.? 30-day implied volatility is trading over the 10-day historical volatility.?
Approach Resources Inc. (AREX) is an independent energy company engaged in the exploration, development, production and acquisition of oil and gas properties.