Options Update: Elan Corp (ELN) & BJ Services (BJS)
Elan Corp (ELN)
ELN Options Active; Shares Up 12% On Renewed Buyout Speculation
Elan is recently up $.80 to $7.34. ELN is the frequent subject of buyout speculation.
ELN call option volume of 43,256 contracts compares to put volume of 110,528 contracts.
April option implied volatility is at 101, May is at 100. This is above its 6-month average of 93.
BJ Services (BJS)
BJS Calls Active As Shares Trend Higher On Oil Rally
BJ Services is recently up $.30 to $11.05. BJS providers pressure pumping and oilfield services for the petroleum industry. Crude oil futures are recently up 1.72% to $53.68.
BJS call option volume of 5,256 contracts compares to put volume of 788 contracts.
BJS April option implied volatility is at 62, May is at 67. This is below its 26-week average of 73, indicating decreasing price movement.
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