US Bancorp (USB) is trading down .19 to 33.28.? USB is trading $2 off of its 52-week highs.
Paper bought the USB Jan 34 puts for .95.? The strike traded two blocks of 5,225 and 4,964 today.? Average contract volume is over 14,158 contracts per day in the name.? Open interest is over 19,000 contracts in the strike.? The implied volatility is up 4pts. in Jan. This trade looks to be a large buyer accumulating the strike for protection into earnings.
30-day implied volatility is 18.6%.?? 10-day implied volatility is 22%.? 30-day implied volatility is trading just under the 10-day historical volatility.
U.S. Bancorp (U.S. Bancorp) is a multi-state financial services holding company. It provides a range of financial services, including lending and depository services, cash management, foreign exchange and trust and investment management services.