Shares of Lufkin Industries Inc (LUFK) are trading up 24.09 to 88.02.? LUFK is making new 52-week highs.
Today paper is trading the LUFK May and Jun 90 calls for .20-.25 on scattered volume for a total of 1,700 contracts per strike. ??Average volume is 542 contracts per day.? Open interest is 0 contracts.
The trade looks mostly like a buyer of calls looking for a higher bid from GE or a competing offer.? IV is so low that some sort of deal looks to get done.
30-day implied volatility is 9%.?? 10-day implied volatility is 25%.? 30-day implied volatility is trading above the 10-day historical volatility.
Lufkin Industries, Inc. is a global supplier of artificial lift products, technology, services and solutions, including automated control equipment and analytical products for artificial lift equipment, to the oil and gas industry.