Options Update: BJ Services calls active on higher volatility

Posted May 22nd 2009 3:50PM by Paul Foster
Filed under: Options

BJ Services Company (NYSE: BJS) was recently up 30 cents to $14.65. BJS provides pressure pumping and oilfield services for the petroleum industry. Crude oil futures were recently up .16% to $61.15, according to Bloomberg. BJS call option volume of 23,567 contracts compares to put volume of 2,123 contracts. BJS June option implied volatility was at 67, July at 66; above its one month average of 58 and near its 26-week average of 66, according to Track Data, indicating less near term price clarity.

Volatility Index S&P 500 Options-VIX was up to 31.75; the 10-day moving average was 31.39.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

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