Market Minute:
Unique information ‘flows’ on active options, volatility spikes, and put/call chatter.
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posted by:Paul Foster on Mar 29, 2007, 12:42 pm
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South West Energy SWN (news,
chart,
quote) - SWN out of the money calls active on unconfirmed LBO chatter
SWN, an energy company focused on natural gas, is recently up 0.51 to $41.08 on unconfirmed LBO chatter. SWN has a market cap of $6.8 billion with long term debt of $136 million. SWN reported 2006 annual revenue of $763 million. Natural gas futures are recently down 1.23% to $7.578 according to Bloomberg. SWN is expected report EPS on 5/1. SWN May 45 calls have traded 61 times on volume of 2,451 contracts above its open interest of 2,051 contracts. SWN April option implied volatility is 33, May is at 38 below its 26-week average of 48 according to Track Data, suggesting decreasing price risks.
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