BP shares have come under pressure and implied volatility is surging after a Fortune story triggered another round of selling in the battered energy company. In the report, Matt Simmons, an oil industry insider, suggested that BP could be bankrupt within a month. Shares are down $4.35 to 30.33 and set new 52-week lows of $30.13. Options volume is 3X the recent average daily, with another 238K puts and 168K calls traded. July 32 and June 30 puts are the most actives. Implied volatility is up 42 percent to 96 and new 52-week highs. Link to story.