Diamond Foods Inc (DMND) $18.99 +6.39%

| November 13, 2012 | 0 Comments More

Diamond Foods (DMND) is up $1 to $18.86 in relatively active trading of 155K shares after the company said it would release restated financial results for the past two years after the market close tomorrow. The company had not released any results in the wake of its accounting problems for over a year. Options on the stock are busy in front of the news. 2,160 calls and 1,300 puts so far. Nov and Dec 20 calls are the most actives, followed by Dec 14 and Nov 18 puts. Players are jockeying for position on both sides of the options chain and 30-day ATM vols are moving up 53 percent to 105.

Category: All Stocks, Food & Beverage, Small 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.