Shares of Scientific Games (SGMS) are down .02 to 9.24 today.? SGMS is near the lower end of the 52 week range.
Today paper traded 2105 SGMS Aug 10 puts at 1.30. ?The ADV is 732 contracts.? The OI is 88 contracts.
The volume went up in 1 large block.? Those puts traded with scattered buyers paying 1.30 lifting the offers and then going bid.? The block traded hitting the bid.? The early buyers look like they are betting on a drop into and after earnings.? IV is up 4 points in Aug.
30-day implied volatility is 85%.?? 10-day implied volatility is 32%.? 30 day implied volatility is trading above the 10 realized volatility
Scientific Games Corporation (Scientific Games) is a global supplier of solutions to lottery and gaming organizations worldwide.