Diamond Foods, Inc. (DMND) is a packaged food company focused on building, acquiring and energizing brands. Diamond specializes in processing, marketing and distributing snack products and culinary, in-shell and ingredient nuts. The Company sells its products to global, national, regional and independent grocery, drug and convenience store chains, as well as to mass merchandisers, club stores and other retail channels.
I found this stock using a real-time custom scan. This one hunts for calendar spreads between the second and third monthly expiries.
Custom Scan Details
Stock Price GTE $5
Sigma2 - Sigma3 > 10
IV30™ GTE 30
Average Option Volume GTE 1,200
The stock has earnings due out tomorrow, so front month elevated vol is expected – and that will spill into the second expiry. The news pushing the stock and vol today is that the earnings announcement tomorrow will also include the re-stated (read: corrected) results for the fiscal years 2010, 2011 and the first three quarters of 2012. This stock made the news when it found itself embroiled in a nasty accounting scandal with charges of bribery.
Source: San Francisco Business Times via Yahoo! Finance; Diamond Foods to release restated results on Nov. 14”, written by Mark Calvey.
Note that all of this was happening while the company was making acquisitions.
Let’s turn to the DMND Charts Tab (2-years), below. The top portion is the stock price the bottom is the vol (IV30™ - red vs HV20™ - blue vs HV180™ - pink).
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.