Shares of James River Coal Company (JRCC) are even at .74 today.? JRCC is near the bottom of the 52-week range.
Today paper traded 1703 JRCC Jun .5 puts at .20.? ADV is 1774 contracts.? The OI is 646 contracts.
The volume went in one block.? There are follow up put sellers into earnings with the net cost of stock at that level .30.? JRCC is in talks to find strategic alternatives for the company.? The opening volume on the strike is over 2,000.
30-day implied volatility is 221%.? ?10-day implied volatility is 120%.? 30-day implied volatility is trading above the 10-day historical
James River Coal Company mines engaged in processing and selling of thermal and metallurgical coal through eight active mining complexes located throughout eastern Kentucky, southern West Virginia and southern Indiana.