Shares of Chesapeake Energy Corp are down .11 to 25.55 today.?? CHK is near the upper end of the 52-week range.
Today paper traded 200 Mar 37 calls for .24.? ADV is 26102 contracts.? The OI is 5862 contracts.
The volume went in one block.? At the time the .24 bid did not get filled but eventually did.? There is some upside call buying in the OTM calls, possibly on takeover rumors, in the nearer term options.? More call sellers are now coming in to take advantage of the slightly higher IV.
30-day implied volatility is 29%.? ?10-day implied volatility is 34%.? 30 day implied volatility is trading below the 10 Day Historical
Chesapeake Energy Corporation (Chesapeake) is a natural gas and oil exploration and production company.