Shares of SandRidge Energy Inc. (SD) are up .04 to 7.06 today. SD is near the top of the 52 week range.

Today paper traded 2000 SD May 7 calls for .28.? The ADV is 16125 contracts.? The OI is 36679 contracts.

The volume went up in two large blocks. Trade on the strike ballooned to 20k+ contracts all lifting the offer.? The paper looks like a hurry to close in front of earnings.? This name has very large open interest with a size buy writer in different months. It looks like the trader wants to keep the underlying but close the short calls.

30-day implied volatility is 40%.? ?10-day implied volatility is 32%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

SandRidge Energy, Inc., is an independent oil and natural gas company. The Company is engaged in development and production activities in the Mid-Continent, Gulf of Mexico and Permian Basin in west Texas.?