Shares of Newcastle Investment Group. (NCT) are trading up .18 today to $8.55.? NCT is making a new high for the year today.
Paper bought the NCT Feb 10 calls for .20 lifting offers on most exchanges.? Total volume so far is 3,100 contracts with mostly scattered buying in blocks from 100 to 500 contracts.? Average contract volume is over 1,600 contracts per day, and open interest is 13,842 contracts.? The implied volatility is up 13% to a 46% IV. This looks to be opening, relatively bullish paper but it is worth a look tomorrow.? The NCT Feb 10 calls are still bid as of this writing.
30-day implied volatility is 44%.?? 10-day implied volatility is 14%.? 30-day implied volatility is trading well over the 10-day historical volatility.?
Newcastle Investment Corp. (Newcastle) is a real estate investment and finance company. Newcastle invests in, and actively manages, a portfolio of, real estate securities, loans, excess mortgage servicing rights (MSRs) and other real estate related assets.