Shares of Janus Capital Group Inc. (JNS) are up .83 to 12.34. JNS is near the top of the 52 week range.

Today paper traded 5000 JNS 12 puts for .65.? The ADV is 479 contracts.? The OI is 10460 contracts.

The volume went up in one block.? The trade lifted the offer in a .20 wide market.? The big open interest and the recent run up in JNS would indicate this is closing.? The put seller made pretty decent money on this. There looks like 5000 more to close so there could be some more run on this or they are going to let them go out worthless.

30-day implied volatility is 32%.? ?10-day implied volatility is 33%.? 30 day implied volatility is trading below the 10 Day Historical volatility.

Janus Capital Group Inc., and its subsidiaries (JCG) provide investment management, administration, distribution and related services to financial advisors, individuals and institutional clients through mutual funds, other pooled investment vehicles, separate accounts and sub advised relationships (collectively referred to as investment products) in both domestic and international markets.