Open interest in EXCO Resources (XCO) is now 2,743 with small volume of 78 contracts.? The calls are offered at .15 today for small volume.
Here is the original activity from the Dec 21st
Shares of EXCO Resources (XCO) are trading down .15 today to $7.45. XCO has been in a tight trading range the past month.
Paper bought calls in the XCO Jan 8 strike for .20 over 1,600 times on scattered blocks.? Average contract volume is over 1,700 contracts per day for the name.? Open interest is 1,300 contract on the Jan 8 strike.? The implied volatility is up 5% in January suggesting this trade will add to the open interest.
30-day implied volatility is 46%.?? 10-day implied volatility is 21%.? 30-day implied volatility is trading well over the 10 day historical volatility.?
EXCO Resources, Inc. is oil and natural gas Company engaged in the exploration, exploitation, development and production of onshore oil and natural gas properties in East Texas, North Louisiana, Appalachia and the Permian basin.