Shares of AmerisourceBergen Corp. (ABC) are down 01 to 64.82 today. ABC is near the middle of the 52 week range.

Today paper traded 2986 ABC May 65 puts for 1.05.? The ADV is 471 contracts.? The OI is 585 contracts.

The volume went up in one large block. Trade on the strike is slightly over the block volume.? IV is way down in here and the puts look like a good purchase right before the stock tanked for 1.05 with the current 1.30 bid.? The trader has not closed yet.?

30-day implied volatility is 19%.? ?10-day implied volatility is 16%.? 30 day implied volatility is trading above the 10 Day Historical volatility.

AmerisourceBergen Corporation (AmerisourceBergenis) is a pharmaceutical services company serving the United States, Canada and select global markets.