Shares of Fairchild Semiconductor Intl. (FCS) are down .37 to 13.40.? FCS is in the middle of the 52 week range.
Today paper traded 750 FCS Apr 14 puts at .75.? The ADV is 177 contracts.? The OI is 1137 contracts.
The volume went up in scattered sizes hitting the bid at the time.? Put seller hit the bid at higher levels and as of this writing the puts are only .05 above parity.? There might be 400 or so more puts to close.? The put owner is taking this drawdown as sign to exit prior to earnings on Thursday.
30-day implied volatility is 39%.?? 10-day implied volatility is 38%.? 30 day implied volatility is trading above the 10 Day Historical volatility.
Fairchild Semiconductor International, Inc. (Fairchild) focuses on developing, manufacturing and selling power analog, power discrete and certain non-power semiconductor solutions to a range of end market customers.