Skullcandy Inc. (SKUL) is trading down .78 to $7.05.? SKUL hit a 52-week low today.
Today paper bought the SKUL Jan 7.0 put for price of .20-.50 in scattered blocks with 832 contracts trading.? The stock dropped quickly and then paper started hitting the put bid.? Average contract volume is over 1,805 per day in the name.? Open interest was 224 prior to this trade. The puts look to be a straight buy for? speculation with the implied volatility flat today. ?
30-day implied volatility is 76%.?? 10-day implied volatility is 20%.? 30-day implied volatility is trading well over the 10-day historical volatility. ?
Skullcandy, Inc. develops and distributes headphones and other audio accessories to retailers throughout the United States and to distributors in various countries worldwide.