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Apache Corp. (NYSE: APA), an oil and gas exploration and development company, is recently trading at $115.10. Crude oil futures are at $104.10, up 4.60% according to Bloomberg. APA over all option implied volatility of 38 is above its 26-week average of 34 according to Track Data, suggesting larger price movements.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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