Exterran Holdings (EXH), a Houston based oil and services company, is up $3.10 to $23.57 and has added an impressive 39 percent since Sep 4. Today’s rally comes on no news and has been accompanied by increasing interest in EXH calls, with total volume running 8X the normal. 2780 calls and 600 puts traded so far. 1,132 Oct 22.5 calls traded, which looks opening, as open interest is zero contracts. Meanwhile, implied volatility is on the move. Average IV is up to 62, from about 50 late Thursday.
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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.