InterOil Corp (NYSE: IOC) is a Canadian oil exploratory company with operations in eastern Papuan Basin New Guinea.
IOC has been frequently mentioned as a takeover name in the past.
IOC February call option implied volatility is at 98, puts are at 110, above its 26-week average of 86 according to Track Data, indicating large price movement. IOC March call option implied volatility is at 107, puts are at 123. IOC is difficult to borrow, resulting in puts priced higher than calls.
Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
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