Freescale Semiconductor, Ltd. (FSL) is trading up .66 to 11.94.? FSL is trading at a three-month high.
Paper sold two large block of the FSL Mar 13 calls for .45 and .50.? The blocks traded were 8,104 and 8,105 contracts today with over 17,000 contracts on the day. ?Average contract volume is over 247 contracts per day in the name.? Open interest is roughly 1,400 contracts. The implied volatility is down 2.4 points in Mar. This paper looks to be writing calls against a long stock position to take advantage of the elevated IV.
30-day implied volatility is 57%.?? 10-day implied volatility is 30%.? 30-day implied volatility is trading well above the 10 day historical volatility.
Freescale Semiconductor, Inc. manufactures microcontrollers, microprocessors and semiconductors.