InterOil Corp (IOC) overall volatility at 32-month highs

InterOil Corp (NYSE: IOC) just opened down 1.9% to $44.95 after yesterday's 17% sell off on news that Papua New Guinea's new energy minister criticized LNG joint venture operated by the company. Overall option implied volatility of 94 is above its six-month average of 67 according to Track Data, suggesting larger price movement.

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