McDermott calls active on renewed takeover chatter McDermott November 12 and 13 calls are active on total call volume of 10,500 contracts (328 puts) following renewed takeover chatter. November call option implied volatility is at 87, December is at 77; above its 26-week average of 54 according to Track Data, suggesting traders taking positions for large price movement.
McDermott and GE launch io oil & gas consulting McDermott (MDR) and GE Oil & Gas (GE) launched io oil & gas consulting, a new independent venture to transform front-end offshore field development. io will consider the full field as one system and have the technical insight to develop every aspect of the front-end solution. McDermott’s investment in io aligns with the company’s strategy to become more client-focused and responsive to operators’ challenges.