Noble Corp. (NE) is up .24 to 36.80 today.? NE is in the middle of the 52-week range.
Today paper traded 5,000 NE Jan 2015 40 calls for 2.74. The ADV is 9,178 contracts.? The OI is 6,939 contracts.
The volume went up in one block through the offer showing out of sequence.? This is a trade that could be tied to stock and the OTM option in a low volatility stock means the trader is looking for a big move in the next year.? The IV is up .43 in Jan 2015.
30-day implied volatility is 26%.?? 10-day implied volatility is 19%.? 30-day implied volatility is trading above the 10-day historical volatility.
Noble Corporation PLC is an offshore drilling contractor for the oil and gas industry.