Chesapeake Energy (NYSE: CHK), the third-largest overall producer of natural gas in the U.S., is recently up $2.68 to $58.76. Bloomberg reports Natural Gas Futures are up 1.93% to 12.76. RBC Capital Markets has an Outperform rating on CHK. CHK call option volume of 52,281 contracts compares to put volume of 9,743 contracts. CHK July option implied volatility of 43 is above its 26-week average of 34 according to Track Data, suggesting larger price movement.
Volatility Index S&P 500 Options-VIX up 2.46 to 21.09.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
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