Options Brief: Hyperdynamics Corporation

Shares of Hyperdynamics Corporation

are higher on the session by 1.15%, trading at $4.38. Overall put volume is now running at 4.98x the daily average, with 53% of all puts traded being purchases on the offer. 2,158 contracts have traded on the session so far. Hyperdynamics Corporation, incorporated in March 1996, is an exploration-stage company. The company, through its wholly owned subsidiary, SCS Corporation (

) possesses contract rights for and engage in the exploration and exploitation of oil and gas in an approximately 9,650 square mile concession off the coast of the Republic of Guinea in West Africa.