Shares of Eagle Bulk Shipping Inc. (EGLE) trade up .31 to 2.87 today.? EGLE is trading nearer to the 52-week lows.
Today paper traded 1973 EGLE Apr 3 calls for prices ranging from .15 to .35.? The average contract volume is only 393 contracts per day in the name.? Open interest in the contract is 184.
The trades went up on scattered volume with most of the volume on the sell side after an initial buyer.? Implied volatility is up 8 points in April.? This could be call positioning before earnings on Monday.
30-day implied volatility is 100%.? 10-day implied volatility is 81%.? 30 day implied volatility is trading above the 10 day historical volatility.
Eagle Bulk Shipping Inc. is engaged primarily in the ocean transportation of a range of major and minor bulk cargoes, including iron ore, coal, grain, cement and fertilizer, along worldwide shipping routes.