MMR is trading $18.82, up 4.6% with IV30™ ripping again, up another 15.4%. The <a href="http://www.livevol.com">LIVEVOL™ Pro Summary</a> is below. <img src="http://www.livevolpro.com/help/images/blog/mmr_summary_10-8-2010.gif"> I posted a note on this company yesterday: <b><a href="http://livevol.blogspot.com/2010/10/mmr.html">McMoRan Exploration (MMR) - In Play: Time Spread, Popping Vol and Earnings</a></b> ------------------------------------------------------------------- <a href="http://www.livevolpro.com/help/free_trial.html"><img src="http://www.livevolpro.com/help/images/blog/lvp_trial_ad.gif" height="200"></a> For a limited time we are offering a FREE real-time trial to Livevol Pro⢠for non-professional traders. You can get your trial by following the directions here: <b><a href="http://www.livevolpro.com/help/free_trial.html">Click for Free Trial Offer</a></b> ------------------------------------------------------------------- I have included the tick chart (below) for this stock. As of a few minutes ago, the stock and the vol began to explode again. <img src="http://www.livevolpro.com/help/images/blog/mmr_tick.gif"> The Skew Tab snap (below) illustrates the vols by strike by month. <img src="http://www.livevolpro.com/help/images/blog/mmr_kew_10-8-2010.gif" width="600"> We can see the massive vol diff now opening up. From the Options Tab (below) we can see that front month vol is up 18.9 points to 126.74 and second month vol is up 15.6 points to 94.38. <img src="http://www.livevolpro.com/help/images/blog/mmr_options_10-8-2010.gif" width="600"> This feels dangerous, yet also exciting... I think being naked short or long options is quite risky at this point. This is trade analysis, not a recommendation. Details, trades, vols, skews, charts here: http://livevol.blogspot.com/2010/10/mmr_08.html Follow Live Trades and Order Flow on Twitter: @Livevol_Pro Legal Stuff: <a href="http://www.livevolpro.com/help/disclaimer_legal.html">http://www.livevolpro.com/help/disclaimer_legal.html</a>