Shares of Gastar Exploration Inc. (GST) are trading up .53 to 7.46 today.? GST is making a 52 week high.
Today paper traded 4215 GST Jun 5 calls for 2.40 to 2.55 and 3658 Jun 7.5 puts for .50-.60. ?The ADV is 1118 contracts.? The OI is 8273 in the 5 calls and 5938 in the 7.5 puts.
The volume went up in scattered volume with mostly option buyers in Jun.? The Jun IV is up 8 points to 60%.? Most of this paper looks closing based on the OI as traders rush to cover some short positions.? GST was trading in the $5 range in late March and has since jumped.? There was some sales in the trade today but IV on balance is up.
?30-day implied volatility is 57%.?? 10-day implied volatility is 30%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Gastar Exploration, Inc (Gastar), formerly Gastar Exploration Ltd is an independent energy company engaged in the exploration, development and production of natural gas and oil in the United States.?