Shares of Oceaneering International (OII) are up 1.11 today to 72.46.? OII is in the middle of the 52-week range.

Today paper traded 3737 OII Feb 75 calls for .65-95.? ADV is 472 contracts.? The OI is 1180 contracts.?

The volume went up mostly in midsize blocks paying .55-.65.? The calls are trading heavily with most of the paper buying.? Earnings are the 18th and call buyers are looking for more upside here.

30-day implied volatility is 33%. ? 10-day implied volatility is 24%.? 30-day implied volatility is trading above the 10-day historical volatility.

Oceaneering International, Inc. is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications.