Shares of Motorola Solutions Inc. (MSI) is down 66 to 63.11 today. ?MSI is near the top of the 52 week range

Today paper traded 357 MSI Jul 62.5 calls for 3.25-3.30. The ADV is 926 contracts.? The OI is 113 contracts.

The volume went up in two blocks. The trade on the strike is well over 3000 contracts with most of that paper buying.? Earnings are due out May 1 and this looks like a long call play into the highs of the year.? The paper was scattered after the two bigger blocks so it is doubtful it went up against short stock. IV is up 1.67 points today.

30-day implied volatility is 27%.?? 10-day implied volatility is 15%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

Motorola Solutions, Inc. (Motorola Solutions) provides communication infrastructure, devices, software and services. The Company provides these products and services for enterprise and government customers worldwide.