Shares of HHGREGG, Inc. (HGG) are down .69 to 8.01 today.? HGG is near the bottom of the 52-week range

Today paper traded 2150 HGG Apr 10/Jul 8 put spreads at .95. The ADV is 2372 contracts.? The OI is 3913 and 104 contracts.

The volume went up in two blocks. The trade on the Apr strike went through the bid to fill to the tune of .22 underwater.? It looks like the client closed the Apr and re-opened buying in Jul.? With HGG moving to year lows the trade looks like a winner so far although the fill was not very good.

30-day implied volatility is 59%. ? 10-day implied volatility is 52%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

hhgregg, Inc. (hhgregg) is a specialty retailer of home appliances, televisions, computers, consumer electronics, mattresses and related services operating under the name hhgregg.