Friday, October 8, 2010

* UPDATE: McMoRan (MMR) - Vol Exploding Again

MMR is trading $18.82, up 4.6% with IV30™ ripping again, up another 15.4%. The LIVEVOL™ Pro Summary is below.

I posted a note on this company yesterday:
McMoRan Exploration (MMR) - In Play: Time Spread, Popping Vol and Earnings


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I have included the tick chart (below) for this stock. As of a few minutes ago, the stock and the vol began to explode again.

The Skew Tab snap (below) illustrates the vols by strike by month.

We can see the massive vol diff now opening up. From the Options Tab (below) we can see that front month vol is up 18.9 points to 126.74 and second month vol is up 15.6 points to 94.38.

This feels dangerous, yet also exciting... I think being naked short or long options is quite risky at this point.

This is trade analysis, not a recommendation.

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