Shares of Superior Energy Services, Inc. (SPN) are up .08 to 30.78 today. ?SPN is near the top of the 52 week range.
Today paper traded 2000 SPN Apr 32.5 calls for .25.? The ADV is 1139 contracts.? The OI is 1760 contracts.
The volume went up in several midsize blocks.? Trade is over 4600 contracts on the day and the initial market was only .05 bid when these calls came in. IV is up 5 points in Apr with earnings after expiration.? This is very aggressive opening paper looking for new highs in SPN.
30-day implied volatility is 31%.?? 10-day implied volatility is 27%.? 30-day implied volatility is trading above the 10-day historical volatility.
Superior Energy Services, Inc. is a provider of oilfield services and equipment.