Shares of LNCO are trading down .28 to 38.99 today.? LNCO is trading right at 52-week highs.
Today a large block of 4,800 LNCO Aug 35 puts traded for 1.55.? The average contract volume is 633 contracts per day in the name.? Open interest is 19,968 contracts in the strike.? The implied volatility is down .2 in August. The trade looks like a continual seller trading just off of the bid this morning.
30-day implied volatility is 26%.? 10-day implied volatility is 31%.? 30-day implied volatility is trading well below the 10-day historical volatility.
Linn Co, LLC (LNCO) sole purpose is to own LINN Energy, LLC (LINN) units. LINN is focused on the development and acquisition of oil and natural gas properties, which include various producing basins within the United States.