McMoRan (MMR -15.2%) shares have slipped 33% in the two days since the company reported further...

|About: McMoRan Exploration Co. (MMR)|By:, SA News Editor

McMoRan (MMR -15.2%) shares have slipped 33% in the two days since the company reported further delays in testing of its Davy Jones prospect in the Gulf of Mexico, but options investors think the drop was too much. Popular bets today were in December $9 and $10 call options, which count on MMR stock adding more than 14% and 24%, respectively, to profit.