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BP PLC (BP) calls active on ex-dividend play

November 9, 2009 3:42 PM EST
BP PLC (NYSE: BP) is recently up $1.49 to $59.92. BP is expected to go ex-dividend on November 10 with an 84c dividend paid on December 7. WTI Crude futures are recently up 2.58% to $79.43 according to Bloomberg. BP over all option implied volatility of 27 is near its six-month average. BP call option volume of 836,677 contracts compares to put volume of 4,336 contracts according to Track Data, suggesting traders taking positions on dividend. Paul Foster

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