Shares of Northern Oil and Gas Inc. (NOG) are up .52 today to 13.07.? NOG is trading near the bottom of the 52-week range.
Today paper mostly sold the NOG May 14 puts at around 1.15 with volume on the day 2,000 contracts.?? Average volume is 732 contracts.? Open interest is 2,078.
This volume is mostly sales and looks like midsize blocks while the stock has rallied.? The May volatility is down 6.4 to 41.66.? The put sales are either opening or continued selling of puts while NOG is trading at near year low prices.
30-day implied volatility is 42%.?? 10-day implied volatility is 65%.? 30-day implied volatility is trading below the 10-day historical volatility.
Northern Oil and Gas, Inc. is an independent energy company.