FirstEnergy Corp (FE) $47.72 +0.19%
First Energy (FE), which saw increasing volatility yesterday on news of a leak at a nuclear facility, is up 12 cents to $47.75 on reports the coolant leak has been contained and no radioactivity escaped. The options order flow today remains bearish, however, as 4,600 puts and only 220 calls traded on the Akron, OH electric utility. July 42, 43, 44 and 45 puts are seeing the bulk of the flow. 30-day ATM implied volatility in FE options was up 17 percent to 17 yesterday and is moving towards 18 today.
Category: All Stocks, Large Cap Stocks, Utilities
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
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.
