Joy Global calls active on rumor of investor stake into release of Q4 Joy Global December 55 and 57 are active on total call volume of 2800 contracts (300 puts) on speculation of an investor stake into the expected release of Q4 results on December 11. December weekly call option implied volatility is at 51, December is at 38, January is at 34, April is at 29; compared to its 26-week average of 34 according to Track Data. Active volume suggesting traders taking positions for price movement.
Joy Global spikes higher, levels to watch Shares have spiked a percent in the last several minutes with price last at $56.87. At current price next resistance is at $57.77. Support is at $55.90. There are unconfirmed rumors of an investor stake being taken in the company which may be sending the shares higher.