Shares of Frontline Ltd. (FRO) are even at 2.89 today.? FRO is in the middle of the 52 week range.
Today paper traded 4800 FRO Jun 3 calls a .15.? The ADV is 499 contracts.? The OI is 67 contracts.
The volume went up in one block hitting the bid.? The trade looks like a call over writer looking for a little yield until Jun.? The sale means the customer expects almost no movement in FRO.
?30-day implied volatility is 70%. ? 10-day implied volatility is 42%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Frontline Ltd. is a Bermuda-based shipping company engaged primarily in the ownership and operation of oil tanker.