Thursday, December 9, 2010

Eastman Kodak (EK) - Vol Rips, Calls Active on... Something?

EK is trading $5.36, up 12.3% with IV30™ up 33.3%. The LIVEVOL™ Pro Summary is below.

I found this stock from the Top Scans --> High Option Volume.

The company has traded over 45,000 contracts on total daily average option volume of just 4,597. Over 42,000 calls have traded yielding an 11:1 call:put ratio. The Stats Tab and Day's biggest trades snapshots are included (below).

The Options Tab (below) illustrates the action. The Dec and Jan 5, 5.5, 6 7 calls are trading. With the exception of the Jan 5 calls, the rest are all trading more than OI.

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

The upside skew is bent like crazy in the Dec options. The feels takeover (ish) or something, but EK... I dunno...

Finally, the Charts Tab (6 months) is below. The top portion is the stock price, the bottom is the vol (IV30™ - red vs HV20™ - blue vs HV180™ - pink).

We can see the stock gapped up on 10-27-2010 on earnings and now again today. For what it's worth, on 7-28-2010 the stock gapped down from earnings.

I dunno... Doesn't this whole thing feel like a head fake? Either that or you know... not a head fake...

This is trade analysis, not a recommendation.

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1 comment:

  1. Eastman Kodak volatility elevated into deletion from S&P 500