National Fuel Gas (NFG) is up 23 cents to $31.98 and options volume is running 40X the usual on increasing interest in July 25 puts. One player bought 3000 for 20 cents. Looks like buyers in July 30s as well, with 622 traded. No news on the stock today. Implied volatility is steady at 31.5. The co. released results from its Marcellus Shale drilling Tuesday.
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.