PCX is trading $16.81, up 3.9% with IV30⢠down 5.4%. The <a href="http://www.livevol.com/">LIVEVOL⢠Pro Summary</a> is <a href="http://livevol.blogspot.com/2010/12/pcx.html">in the article</a>. <img src="http://www.livevolpro.com/help/images/blog/pcx_summary.gif" /> PCX is a producer of coal in the eastern United States, with operations and coal reserves in Appalachia and the Illinois Basin. It is also a producer of metallurgical coal. I found this stock using a real-time custom scan. This one hunts for low vols. <b>Custom Scan Details</b> Stock Price >= $7 IV30⢠- HV20⢠<= -8 >= -40 HV180⢠- IV30⢠>=7 Average Option Volume >= 1,200 Industry != Bio-tech Days After Earnings >= 32 The snapshot of the scan is included (<a href="http://livevol.blogspot.com/2010/12/pcx.html">in the article</a>) in case you want to build it yourself in Livevol Proâ¢. <img src="http://www.livevolpro.com/help/images/blog/low_vol_scan.gif" width="600" /> The goal with this scan is to identify short-term implied vol (IV30â¢) that is depressed both to the recent stock movement (HV20â¢) and the long term trend in stock movement (HV180â¢). I'm also looking for a reasonable amount of liquidity in the options (thus the minimum average option volume), want to avoid bio-techs (and their crazy vol) and make sure I'm not purchasing depressed IV30⢠relative to HV20⢠simply because of a large earnings move. The PCX Charts Tab is included (<a href="http://livevol.blogspot.com/2010/12/pcx.html">in the article</a>). The top portion is the stock price, the bottom is the vol (IV30⢠- red vs HV20⢠- blue vs HV180⢠- pink). The yellow shaded area at the very bottom is the IV30⢠vs. the HV20⢠vol difference. <img src="http://www.livevolpro.com/help/images/blog/pcx_vol_chart.gif" width="600" /> We can see: IV30â¢: ~56.67 HV20â¢: 66.26 HV180â¢: 65.55 So, IV30⢠is depressed relative to the short term and long term realized movement of the stock. Finally, let's look to the Options Tab (<a href="http://livevol.blogspot.com/2010/12/pcx.html">in the article</a>). <b>Possible Trades to Analyze</b> 1. Buy the Dec 17 straddle for $1.59. 2. Buy the Dec 16/17 strangle for $1.16. 3. Ok, more creative than naked long options: Buy the Dec 16/17 strangle for $1.16 Sell the Dec 14/19 strangle @ $0.25 4. Risk lovers: #3 but sell the Jan 12.5 puts @ $0.20... Or do those twice... Oo... PCX 52 wk range is [$9.76, $24.25], which is pretty freakin' wide. This is trade analysis, not a recommendation. <b>Follow Live Trades and Order Flow on Twitter: @Livevol_Pro</b> Details, trades, prices, vols, skews, charts here: <a href="http://livevol.blogspot.com/2010/12/pcx.html">http://livevol.blogspot.com/2010/12/pcx.html</a> Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>