Shares of MidStates Petroleum Company, Inc (MPO) are trading up .21 to 8.53.? The shares are trading near the bottom of the 52-week range.
Today paper traded the MPO May 7.5 calls for 1.4 in two blocks of 500 AND 495. ??Average volume is 125 contracts per day in the name.? Open interest is 1,684 contracts.
The volume looked like straight buys trading near the ask price.? A 50 lot of Apr 10 calls trade for .05 which is very speculative paper.? Most of the paper was buying with the IV up 11 points in April.
30-day implied volatility is 46%.? ?10-day implied volatility is 77%.? 30 day implied volatility is trading well below the 10 Day Historical volatility.
Midstates Petroleum Company, Inc. is an independent exploration and production company.