Yesterday, shares of Forest Oil Corp (FST) were trading up .24 to $6.74 today. ?FST is trading $1 off of one-year lows.
Paper bought the FST AUG 8 calls for .6-.7 on multiple blocks for a total of over 7,000 contracts.? The average contract volume is 1,310 contracts per day in the name.? Open interest is 132 contracts on the strike.? The implied volatility is up 10% in August. ?The trade looks to be a buyer of calls with other strikes trading the same way as well.
30-day implied volatility is 58%.?? 10-day implied volatility is 20%.? 30-day implied volatility is trading well over the 10-day historical volatility.
Forest Oil Corporation (FST) 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.