Shares of Endeavour International Corp (END) are trading down .76 to 2.62 today. END is at the bottom of the 52 week range.
Today paper traded 4000 END Dec 3 calls over the Sep 4 calls for .40. ?The ADV is 4408 contracts.? The OI is 62 contracts in Sep.
The volume went up in two blocks.? The Dec calls printed on the bid will the Sep?s just .05 off of the bid. The trade went up marked spread but looks more like a stupid where the client is sell to open in both strikes.? These type of trades are usually buy writes.
30-day implied volatility is 152%.?? 10-day implied volatility is 40%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Endeavour International Corporation (Endeavour) is an independent oil and gas company engaged in the exploration, development and acquisition of energy reserves in the United States and United Kingdom.