Shares of Sprint (S) are down .22 to 5.64 today.? S is making a 52 week low.
Today paper traded 11638 S Sep 6 puts for .64. The ADV is 37512 contracts.? The OI is less than 37143 contracts.
The volume went up in 1 block.? The trader is probably closing the puts on the adverse news in S after the abandoned bid for T-Mobile.? Closing the puts is a signal that they do not expect a bounce any time in the Sep cycle.
30-day implied volatility is 63%.?? 10-day implied volatility is 109%.? 30 day implied volatility is trading below the 10 realized volatility
Sprint Corporation offers a range of wireless and wireline communications services to consumers, businesses and government users.