Shares of Mechel OAO (MTL) are down .03 to 1.98 today.? EEM is in the middle of the 52 week range.
Today paper traded 1,000 MTL Jan 2015 5 calls for .25.? ADV is 1,528 contracts.? The OI is 10,844 contracts.
The volume went up in 1 block with 5,000 calls trading on the day in total.? The trade is an opening buy looking for a big jump in the price of MTL.? The 1 year high for MTL was near $6.
?30-day implied volatility is 89%.? ?10-day implied volatility is 34%.? 30-day implied volatility is trading above the 10-day historical volatility.
Mechel OAO is a Russia-based integrated mining and steel company.?