Eastman Kodak (EK) is flat at $4.40 and 10,860 August 4 puts traded so far today. The top trade is 8500 on the 10-cent bid. The rest of the trades have been smaller lots at 15 cents and the action might add to positions opened Friday, which included a block of 9,432 contracts on the 15-cent bid. Implied volatility is down 2.5 percent to 70 and these put writers are possibly willing buyers of the stock at $4. EK has lost more than half its value since late April. Earnings due out July 28, before market.