Shares of Miller Energy Resources Inc. (MILL) are up .11 to 4.90 today.?? MILL is near the middle of the 52 week range.
Today paper traded 4210 MILL Jan 2015 5 calls for .65 to .75. The ADV is 932 contracts.? The OI is 15k+ on both strikes.
The volume went scattered volume.? There was an early seller of the Jan 5 calls taking the volatility down quite a bit on the open.? Buyer stepped in and the calls are now .80 bid with the stock .40 higher.? The early sellers gave way to buying with the IV down only.51 now in Jan 2015.? The net looks slightly bullish.
30-day implied volatility is 61%.?? 10-day implied volatility is 67%.? 30 day implied volatility is trading below the 10 Day Historical volatility.
Miller Energy Resources, Inc. is an independent exploration and production company that utilizes seismic data and other technologies for geophysical exploration and development of oil and gas wells in the Appalachian region of East Tennessee and in south central Alaska.