Joy Global Inc (JOYG) $90.03 +4.61%

| November 16, 2011 | 0 Comments More

Joy Global (JOYG) spikes on heavy volume to $91.97 Wednesday morning and was recently up $3.94 to $90. 16,000 calls and 3,685 puts traded on the Milwaukee, WI farm and construction machinery company so far. Nov 90 calls, which are now at-the-money with less than three days of life remaining,are the msot actives. 5,570 traded. Nov 92.5, Nov 95, and Dec 100 calls on the stock are seeing interest as well. Nov 87.5s are the most active puts. Implied volatiity is up 8.5 percent to 56, as takeover talk lifts the stock Wednesday (

Category: All Stocks, Industrial Goods & Services, Mid Cap Stocks

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About the Author (Author Profile)

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.

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