Shares of Forest Oil Corp. (FST) are up .30 to 2.09 today.? FST is in the lower end of the 52 week range.
Today paper traded 10000 FST Jan 3 calls at .15.? The ADV is 959 contracts.? The OI is 14919.
The volume went in one large block.? It does look like the owner hit the bid to exit.? Check the OI tomorrow but the small move might be giving the holder enough of a profit although it cannot be very much. It is a strange trade with the term out to January.? The sale does look early as subsequent paper traded up to .25.
30-day implied volatility is 70%.?? 10-day implied volatility is 22%.? 30 day implied volatility is trading above 10 Day Historical volatility.
Forest Oil Corporation (Forest) is an independent oil and gas company engaged in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in North America.