Shares of Nabors Industries Ltd. (NBR) are up 2.18 to 20.84 today.? NBR is making a 52-week high.
Today paper traded 14057 NBR Jun 18 calls at 3.00.? ADV is 3999 contracts.? The OI is 20789 contracts.
The volume went up in one block near the bid.? The trade is probably a call seller closing out a nice position at the 52 week high.? According to the OI there are 6k more to go so the trader could be waiting for higher prices for NBR.? This looks like a very good close.? The IV is getting hit hard today on the solid earnings report.
30-day implied volatility is 33%.?? 10-day implied volatility is 37%.? 30-day implied volatility is trading below the 10-day historical volatility.
Nabors Industries Ltd. (Nabors) is the land drilling contractor and land well-servicing and workover contractors in the United States and Canada.?