Express, Inc. (EXPR) was trading up .34 to 15.18 today.? ?EXPR has been in a tight range the past month with a 52-week high of 26.27.
Paper traded and mostly bought the EXPR Jan 15 calls for .35 in a block of 2,839.? The strike traded 7,809 on the day with most options on the buy side. ?Average contract volume is over 1,943 contracts per day in the name.? Open interest is over 6,000 contracts in the strike.? The implied volatility is up 5 points or 12% in Jan.? The big jump in IV could signify this is opening, bullish paper.
30-day implied volatility is 50%.?? 10-day implied volatility is 30%.? 30-day implied volatility is trading well above the 10 day historical volatility.
Express, Inc. (EXPR) is a specialty apparel and accessory retailer offering both women’s and men’s merchandise.