Volume Spike Investor

Eastman Kodak Co. (NYSE: EK) is seeing elevated options activity and elevated stock volume.  Shares are up 26% at $4.11 and as of 1:20 PM EST we have seen 11,825,618 shares trade hand. The average volume is roughly 5.1 million shares.  Eastman Kodak shares have traded in a range of $3.15  to $ 4.15 today and its 52-week range is $2.01 to $17.71. Due to the sell-off and erosion, its market cap after today’s 26% gain is still only $1.11 billion.  The options activity is trading close to 10,000 contracts among the $4.00 CALL and $5.00 CALL Strike Prices from the August, September and October expiration months. This is one of the old private equity buyout names from back during the buyout bubble of 2005 to 2007 but that was only if the stock went low enough.  We have been looking for other data, but there has been some retiree action to prevent benefits being cut to pensioned employees. -JON OGG