Freescale Semiconductor Ltd (FSL) is down .11 to 24.55 today. FSL is near the top of the 52-week range

Today paper traded 6667 FSL May 24 puts for 1.3. The ADV is 961 contracts.? The OI is 24 contracts.

The volume went in one block.? Trade on the day is over 7600 contracts with most of the paper buying.? This could be a protective put playing into earnings but the buyers are expecting movement.? The IV30 is up 5 points today.

30-day implied volatility is 50%.?? 10-day implied volatility is 44%.? 30-day implied volatility is trading above the 10-day historical volatility.

Freescale Semiconductor, Ltd., formerly Freescale Semiconductor Holdings I, Ltd., is a provider of embedded processing solutions.?