Yesterday, shares of the Incyte Corp. (INCY) were trading up .02 to $16.06.? INCY was trading near the lows of the year which bottomed at 15.43.
Paper looked to sell the INCY Mar 17.5 puts for 2.45 and buy the Dec 17.5 puts for 1.60.? Two blocks of 800 contracts went up totaling 1,600 contracts.? Average contract volume is over 528 contracts per day.? Open Interest was 6,400 contracts in the Dec 17.5 strike before today suggesting paper is rolling to March and this is the first part.? Direction on this one is unclear as which way the close went and will follow up.
30-day implied volatility is 46%. 10-day implied volatility is 938%.? 30-day implied volatility is trading just over the 10-day historical volatility.
Incyte Corporation (INCY) is a biopharmaceutical company focused on the discovery, development and commercialization of small molecule drugs to treat serious unmet medical need.