Shares of Meritage Homes Corp (MTH) are down .85 to 38.00 today. ?MTH is near the bottom of the 52 week range.

Today paper traded 4900 Sept 35 puts at .55-.60. ?The ADV is 838 contracts.? The OI is 639 contracts.

The volume went up in scattered midsize blocks on several exchanges.? The initial traders were hitting the standing bids.? Traders look like they are trying to position by selling puts below the 52 week lows today.? If the buying was aggressive, the IV would be up more than 1 point on the day.? The paper wants higher prices for MTH.

30-day implied volatility is 31%.?? 10-day implied volatility is 34%.? 30 day implied volatility is trading above the 10 realized volatility

Meritage Homes Corporation operates as holding company. The Company through its subsidiaries is a designer and builder of single-family detached homes based on the number of home closings.