Shares of Watson Pharmaceuticals Inc.(WPI) are down 2.33 to 83.70 today. WPI is trading at a five-day low today.
This morning paper bought 1,869 WPI Jan 90 calls for .30 with volume on the day 3,170. Average contract volume is over 813 contracts per day in the name.? Open interest is over 4,000 on the strike.? The implied volatility is up 6% on the strike. The trade looks to be a buyer closing on the recent move down. ?
30-day implied volatility is 27%.?? 10-day implied volatility is 24%.? 30-day implied volatility is trading over the 10-day historical volatility.
Watson Pharmaceuticals, Inc. (Watson) is an integrated global pharmaceutical company engaged in the development, manufacturing, marketing, sale and distribution of generic and brand pharmaceutical products.