Shares of Berry Petroleum Co. (BRY) are trading down 2.89 to 45.69 today. The stock is trading $3 off of a 52 week high.
Today paper traded the BRY Aug 40 puts for 1.15 114x. Average volume is 586.? Open interest is 657.
The trade looks like an early put buyer starting at .90 before filling at 1.15.? The volume is over 615 which is just short of the open interest.? The paper looks like it wants a bit more of a drop in BRY.? The IV is up sharply in the name with Aug up 4 points and IV30 up 12 points.
30-day implied volatility is 34%.?? 10-day implied volatility is 12%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Berry Petroleum Company is an independent energy company engaged in the production, development, exploitation and acquisition of oil and natural gas. The Company has six asset teams: South Midway-Sunset (SMWSS)-Steam Floods, North Midway-Sunset (NMWSS)-Diatomite, Permian, Uinta, Piceance and E. Texas.
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